Wolseley UK’s double acquisition approved

The UK Competition and Markets Authority has approved construction products and materials provider Wolseley UK’s purchase of Fusion Provida UK and Utility Power Systems.

The two companies are suppliers of utility infrastructure products and pipe jointing equipment rental that distribute a range of products and equipment to utility contractors.

With almost 200 employees, the businesses operate from 11 depots around the UK, including a national distribution centre and national sales office in Chesterfield, Derbyshire.

Steve Ashmore, managing director of Wolseley UK, said, “The acquisition gives Wolseley UK an excellent opportunity to expand its presence in the utilities supply chain. It is a strong next step in our strategy to grow in this marketplace and trade in areas where we are equipped to win.

Wolseley UK is a subsidiary of Wolseley plc, a specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, and Europe