Wolseley snaps up 22 Burdens outlets for £30m

Aaron Morby 12 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

New rail property company to unlock land for 40,000 homes

First four sites released in Newcastle, Cambridge, Manchester, and Nottingham
7 hours ago

British Steel threatens closure of Scunthorpe blast furnaces

Chinese owners say sectional steel and rail supplies will be maintained
16 minutes ago

Drainage specialist Subscan files administration notice

Specialist employing 131 people files court notice
7 hours ago

Four win Network Rail £300m engineering design deal

Eastern region deal will include design for Northern Powerhouse Rail
6 hours ago

Funding go-ahead for Banwell bypass after fresh cost hike

Galliford Try contract rises £14m to £64m after final design change
14 hours ago

Graham wins Southport £75m Marine Lakes Centre

Firm replaces Kier which parted ways with backer Sefton Council
15 hours ago

Chancellor unveils extra £2bn capital spend a year

Construction promised a defence dividend in military base and homes upgrade work
23 hours ago

McLaren confirms subcontractor team on £135m warehouse job

Work starts on TN2 Gateway site in Kent.
1 day ago

Vistry profits slump after site costs reporting debacle

House builder launches internal whistle-blowing service in business culture review
1 day ago

Severfield chief to step down

Alan Dunsmore to leave structural steel group by end of June
1 day ago

Funding hurdle remains as Lower Thames Crossing gains consent

Government claims £9bn project may start in 2026 as private finance options explored
2 days ago

Mace wins £600m Euston Tower overhaul

1970s tower's foundations and core to be retained as floor plates extended
2 days ago

Summer start for main works on London green tower

Axa sanctions start at 50 Fenchurch Street 36-storey office block
1 day ago

Japan’s leading flats builder JVs with L&G for UK push

Partners plan to build over 1,000 rental homes in London
1 day ago

Wates submits plan for 1,000 homes Harrow council scheme

Former civic centre Poets' Corner site kicks off housing partnership
2 days ago

Morgan Sindall upgrades forecast for next 12 months

Overbury fit-out arm gets off to a flying start in 2025
2 days ago

Restructure underway at Henry Boot Construction

New management team restructures business after drop in turnover
2 days ago

Government pledges £2bn stop-gap funding for 18,000 homes

Funding avoids cliff-edge in social housing delivery before new grant programme agreed
2 days ago

Just two major new roads schemes to start this year

National Highways sets out one-year interim spending plan after RIS3 delay
2 days ago

Plans go in for £400m GRAHAM Manchester site

Demolition and enabling works underway with main construction set to start next year
2 days ago

Building safety levy rate set at up to £10,000 a home in London

Levy introduction pushed back a year to Autumn 2026 - list of new rates
3 days ago

BAM wins £100m revamp of Broadgate Tower in London

Front of tower 3-storey extension to use cross laminate time and re-used steel
3 days ago

£600m funding to train 60,000 construction workers

Government pledges massive cash injection to produce "site-ready" workers
5 days ago

Construction to start in May on £1bn port expansion

Work at London Gateway site will last four years
6 days ago

Utilities specialist Ipsum buys second power contractor

Acquisition of Wootton & Wootton strengthens service in Midlands and Wales
3 days ago

Councils will lose cash if they fail to fix potholes

Local authorities will have to publish road repair stats
3 days ago

Green light for London Euston Tower rebuild

British Land says nearly a third of original tower will be retained
6 days ago

Contractors struggling to keep-up with demand for data centres

More than half of clients fear supply chain will struggle
6 days ago

Robert De Niro’s Nobu backs Manchester super tower

76-storey skyscraper will be tallest outside of London
6 days ago

PAC warns post-Grenfell policies threaten new homes goal

Watchdog MPs warn new build rates are being hit by diversion of funds to safety remediation
6 days ago

Contractor services