Listen to this article
This is an experimental feature. Give us your feedback. Thank you for your feedback.
What do you think?
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.