Builders’ merchant Wolseley UK has expanded its portfolio of companies with the acquisition of the Jointing Technologies group.
Warwick-based Wolseley has completed the undisclosed deal through its Wolseley Infrastructure division which is a distributor to civils and utilities sectors via the Burdens and Fusion Utilities brands.
Jointing Technologies specialises in the distribution of power cable and accessories as well as electrical trace heating systems in the UK and operates from sites in Norton Canes in Staffordshire, Bristol and Woking in Surrey.
Wolseley said the acquisition would help it capitalise on the growth potential in the electricity market as it evolved.
All brands will be retained along with all existing sites and personnel as part of the deal.
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John Hancock, managing director of Wolseley Infrastructure, said: “Wolseley Infrastructure has a strong track record of acquisition and we are delighted to welcome Jointing Technologies.
“The business has a strong reputation for customer service and innovation delivered by a highly skilled team and we believe that together we can offer our combined customer base a really compelling product and service proposition.”
Adam Lloyd, chairman of Jointing Technologies, added: “This news is an exciting development for the company as we join forces with Wolseley Infrastructure.
“The announcement ensures the continuity of our brand, the security of jobs and long-term consistency for our customers.
“I am most looking forward to seeing this shared future unleash the potential of the Jointing Technologies family within the Wolseley group.”
Law firm DMH Stallard advised Jointing Technologies on the deal with corporate finance advice from Knill James.