Wolseley to bulk up in Switzerland

Plumbing and heating specialist Wolseley is seeking to expand in Switzerland, with its local business, Tobler, agreeing to merge with Walter Meier, a Swiss heating business.

The FTSE 100-listed Tobler-owner* said the deal “would be consistent with the strategic objectives of both Wolseley and Walter Meier to create a high quality, market-leading business across plumbing, heating and [heating and ventilation] distribution in Switzerland.” The tie-up is still subject to Swiss regulatory and shareholder approval.

*sorry