Wolseley tool-hire unit up for sale

Published:  05 July, 2010

LEAMINGTON SPA: Wolseley has put its tool hire business up for sale as part of a restructuring of its UK operations, the Independent on Sunday reported.

The newspaper said BDO Stoy Hayward has been appointed to sell Brandon Hire, which Wolseley bought for £72m four years ago. However, it cited an industry expert as saying Wolseley would likely "get less than half" what it paid in 2006 as the tool hire market had been badly hit by the housing downturn.

The Independent on Sunday said the deadline for first round bids was thought to be later this month. It named Cerberus, RJD Partners, Rutland Partners and turnaround group Endless as possible bidders.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.