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Announced

Completed

Wolseley completed the acquisition of a majority stake in C.P. Hart.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Bathroom supply

Majority

Domestic

Private

United Kingdom

Completed

Acquisition

Household Equipment and Products

Friendly

Single Bidder

Synopsis

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Wolseley, a building materials supplier, completed the acquisition of a majority stake in C.P. Hart, a premium bathroom company. Financial terms were not disclosed. “At Wolseley, we’ve known and admired C.P. Hart for a long time and we see this move as a valuable addition to our growing bathroom business. This acquisition takes us into the premium bathroom sector across both retail and commercial customers and we will work closely with the existing management team to capitalise on this opportunity including providing further investment to the C.P. Hart business,” Simon Oakland, Wolseley CEO.

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