Wolseley plc Announces the Completion of the Acquisition of DT Group
26 September 2006 - 1:23AM
PR Newswire (US)
CINCINNATI, Sept. 25 /PRNewswire-FirstCall/ -- Wolseley announced
on July 24, 2006 that it had signed an agreement, conditional only
upon regulatory approval, to acquire DT Group (formerly known as
Danske Traelast). The offer has been approved by the Commission of
the European Communities and completion subsequently took place on
September 25, 2006. Notes to Editors Wolseley plc is the world's
largest specialist trade distributor of plumbing and heating
products to professional contractors and a leading supplier of
building materials in North America, the UK and Continental Europe.
Group revenues for the year ended July 31, 2006 were approximately
14.2 billion pounds Sterling and operating profit, before
amortization of acquired intangibles, was 882 million pounds.
Wolseley has more than 79,000 employees operating in 22 countries
namely: UK, USA, France, Canada, Ireland, Italy, The Netherlands,
Switzerland, Austria, Czech Republic, Hungary, Belgium, Luxembourg,
Denmark, Sweden, Finland, Norway, San Marino, Puerto Rico, Panama,
Trinidad & Tobago and Mexico. Wolseley is listed on the London
and New York Stock Exchanges (LSE:WOS)(NYSE:WOS) and is in the FTSE
100 index of listed companies. Certain statements included in this
announcement may be forward-looking and may involve risks,
assumptions and uncertainties that could cause actual results to
differ materially from those expressed or implied by the forward
looking statements. Forward-looking statements include, without
limitation, projections relating to results of operations and
financial conditions and the Company's plans and objectives for
future operations including, without limitation, discussions of the
Company's business and financial plans, expected future revenues
and expenditures, investments and disposals, risks associated with
changes in economic conditions, the strength of the plumbing and
heating and building materials market in North America and Europe,
fluctuations in product prices and changes in exchange and interest
rates. All forward-looking statements in this respect are based
upon information known to the Company on the date of this
announcement. The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise. It is not
reasonably possible to itemize all of the many factors and events
that could cause the Company's forward-looking statements to be
incorrect or that could otherwise have a material adverse effect on
the future operations or results of the Company. No statement in
this announcement is intended to be a profit forecast or to imply
that the earnings per share of Wolseley for the current or future
financial years will necessarily match or exceed the historical or
published earnings of Wolseley. DATASOURCE: Wolseley plc CONTACT:
Investors-Analysts, Guy Stainer, Head of Investor Relations, 0118
929 8744, or 07739 778187, or John R. English, Director, Investor
Relations, North America, +1-513-771-9000, or +1-513-328-4900, or
Press, Penny Studholme, Director of Corporate Communications, 0118
929 8886, or 07860 553834, all of Wolseley plc; or Andrew Fenwick
or Nina Coad of Brunswick, 020 7404 5959 Web site:
http://www.wolseley.com/
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