Major Merger Completed by Ferguson, Familian

by WOHe

Major Merger Completed by Ferguson,
Familian

Newport News, VA Ferguson Enterprises, Inc. and Familian Corp., two
of the nation’s largest wholesale distributors of plumbing and
related products, including many used by kitchen/bath space
planners, have become a single entity under the terms of a merger
agreement engineered by the wholesalers’ parent company, the
British-based building materials giant Wolseley plc.

The merger, announced to the trade press in mid-August, will
integrate the operations of the two companies, with the Los
Angeles-based Familian being restructured to become Ferguson’s West
Coast Region.

The move, which makes Ferguson the first coast-to-coast service
company in the plumbing wholesale industry, creates a new corporate
entity with combined sales of some $2.5 billion. The company will
employ more than 8,000 people in more than 400 locations in the
U.S., Mexico and Puerto Rico, according to Ferguson
officials.

“With this merger we are creating a nationwide distribution network
under one name,” said Charles Banks, president of Ferguson
Enterprises, which is headquartered in Newport News, VA. “We
believe it will enable us to provide enhanced performance to all of
our customers.”

“At Familian, we have enjoyed a proud heritage of 70-plus years of
service on the West Coast,” added former Familian president Steven
Grosslight, who will now serve as Ferguson’s West Coast
v.p./regional manager. “As Ferguson, however, we are adding
significantly to the value of what we can offer our customers and
[employees].”

Wolseley made its first entry into U.S. distribution through the
acquisition of Ferguson in 1982. Familian joined the Wolseley group
in 1987.

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