Wolseley to withdraw from France?

The world’s largest sanitation wholesaler, the UK-based company Wolseley, is alleged to be planning to sell its construction materials business in France, since it considers this market to be too keenly contested.

Wolseley is represented in France with the Reseau Pro, Panofrance and Silverwood brands. In the USA and the UK the company is represented by Ferguson and Plumb Center.

According to information from the company, French turnover stood at USD 873 m (EUR 778 m) in its last business year, which ended
31.7.2014, and profits of USD 10.5 m (EUR 9.4 m) were declared.