Wolseley snaps up 22 Burdens outlets for £30m

Aaron Morby 13 years ago
Share

Wolseley has bought 22 sites from ailing drainage and civil engineering products supplier Burdens.

The £30m deal will see 600 Burden staff transfer to the giant building and plumbing merchant chain and Wolseley gain exclusive use of the Burdens name in the UK.

It leaves around half the 50-depot strong Burdens business in limbo.

One member of staff told the Enquirer: “We haven’t got a clue what is happening to the rest of the business.

“There’s speculation it will be sold off or trade as WTB Group.”

The sites transfering to Wolseley generated revenue from ongoing business in the 3 months ended 30 September 2012 of £40m.

Ian Meakins, chief executive of Wolseley said: “Like our other UK businesses, Burdens has a well established reputation.

“The acquisition will extend the reach of the group’s successful utilities business in the UK and gain one of the leading positions in the underground drainage sector.

“We warmly welcome the Burdens staff that are transferring into the Group and look forward to building the pre-eminent brand in this attractive market.”

Jeremy Burden, chief executive WT Burden Ltd said: “The move will enable the Burdens business to be taken to the next stage of its development and will provide it with the level of focus required to continue to realise its
full potential in the UK market.

“We are confident that the transaction will represent an opportunity to enhance service levels to both customers and suppliers and is positive for the employees involved. ”

Latest news

Bid race takes off for £500m MAG airport small works deal

Nine-lot framework to cover civils, building and M&E jobs up to £5m
5 hours ago

10-Year Infrastructure Strategy published

Full details as Government pledges £725bn of funding over the next decade
15 hours ago

Competition watchdog turns attention to civil engineering

Competition and Markets Authority launches study into road and rail delivery
16 hours ago

Mace director joins Wates as Chief Commercial Officer

Pat Fitzgerald to lead commercial strategy at Wates
8 hours ago

Korean firm buys part built Hackney job from failed Elements Europe

Work can now restart on 21-storey hotel and office development
18 hours ago

Mark Wild radical reset plan to rescue HS2

Senior manager bonuses scrapped and non-permanent labour cutback
22 hours ago

HS2 supply chain fraud claims spark ministerial probe

Transport secretary pledges one-year reset for HS2 to end 'litany of failures'
2 days ago

Lords launch inquiry into Building Safety Regulator delays

Industry asked for evidence of how system is failing: Have your say
1 day ago

Willmott Dixon director becomes co-owner of local contractor BSN

Nick Gibb targets £100m turnover at Dudley based national contractor
2 days ago

Dry lining boss sentenced after mystery account moves

Court hears of £500,000 in unexplained transfers before contractor went under
22 hours ago

Barhale bags £16m shaft tank for Severn Trent Water

"Final piece in the puzzle" of Etruria Vale upgrade
21 hours ago

Keltbray strikes £30m funding deal for growth

Three-year funding deal to support push into higher-margin work
2 days ago

Take That brother buys steelwork giant William Hare

Entrepreneur Simon Orange seals deal for £350m turnover contractor
3 days ago

Civils contractor LF Solutions files administration notice

£20m-turnover specialist has labour supply arm and own plant fleet
2 days ago

Joseph Gallagher lands £50m green energy deal

Major trenchless construction contract for HyNet North West project
2 days ago

New boss drives NG Bailey to record revenue

Fresh strategy lifts M&E group's order book to £1.6bn
2 days ago

Costain wins vast underground hydrogen storage design job

Firms lands FEED contract for Cheshire salt caverns conversion
2 days ago

Graham gets green light for £70m Glasgow student tower

Construction due to start this year on 25-storey Anderston scheme
2 days ago

New £16bn National Housing Bank to drive 500k new builds

Homes England given new powers to finance stalled and complex schemes
2 days ago

Morgan Sindall upgrades profits forecast for this year

Overbury fitout and construction operations exceed trading expectations
3 days ago

Major project bidders to face ‘British jobs’ test

Contractors to face tougher jobs pledge scrutiny under new procurement shake-up
4 days ago

Green light for £32m Wythenshawe Culture Hub

Construction to start this year on first phase of £500m town centre revamp
3 days ago

Hercules delivers record first half as HS2 fuels growth

Labour supply specialist says HS2 demand climbing with 630 workers now deployed
3 days ago

Private equity firm acquires Hepworth Clay pipes business

Historic UK drainage manufacturer sold by Wavin
3 days ago

Balfour Beatty names new Scottish MD

Nick Rowan to take reins as Hector MacAulay to retire after 40 years
4 days ago

£500m rail deal locks in future for Scunthorpe steelworks

Government-backed deal with Network Rail safeguards UK production
3 days ago

Morrison rides in for £19m mountain bike R&D hub

Flagship Borders cycling R&D hub set for Caerlee Mill site
4 days ago

Revised plan submitted for Manchester landmark towers

400 more flats added to Albert Bridge House scheme
4 days ago

Job losses loom at consultant GHD

Redundancy consultation underway with jobs at risk
4 days ago

Knight Harwood lifts margin to 4.9% as profit hits £6.5m

London specialist sees strong office and luxury resi pipeline
4 days ago

Contractor services