Ferguson to acquire Columbia Pipe & Supply.

Ferguson, a distributor of plumbing and heating products, agreed to acquire Columbia Pipe & Supply, an independent distributor headquartered in Chicago, Illinois specializing in PVF, commercial mechanical, commercial plumbing, industrial, valve automation, engineered products, and hydronics. Financial terms were not disclosed. "Chicago is the third largest city in the US with a substantial commercial market. Columbia Pipe has a strong reputation and well-established vendor and customer relationships in this important region. This acquisition accelerates our Chicago market strategy and will allow us to rapidly expand our existing capabilities across the Mid-West," Kevin Murphy, Ferguson Chief Executive Officer.