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Plumbing Merchant on Acquisition Trail

Wolseley, the worlds largest plumbing and heating merchant and distributor has invested £33million in strategic acquisitions over the first few months of this year. Wolseley, better known for its trade names such as Plumb Centre and Parts Centre, is the worlds largest supplier of plumbing and construction parts, catering for plumbers and builders in many countries around the world.In March this year, the company has completed the acquisition of plumbing and heating distributor Gama Myjava, which operates from branches in Sovakia and the Czech Republic. In addition the company bought Surrey based passive fire protection distributor PFC Corofil Firetops and its subsediaries.The holding company has also acquired San Francisco based plumbing and heating distributor CB Group Inc. reading as JC Plumbing Supply, Washington door installer Precision Doors & Hardware as well Florida Based Cabinet distributor Mastercraft Cabinets, which operates from Naples in Italy.With around 79,000 p ...
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Cost of Heating and Electricty to Rise 40 per cent

As oil and gas for heating reach new records on the commodity market, latest estimates put the increase in the cost of domestic gas for heating and cooking at 40% this winter. Such large increase means a typical household in the UK is going to pay £400 more on average for heating and electricity on an annual basis. With UK households already under pressure with higher costs of fuel and food and higher mortgage rates, the new increase will put additional pressure on struggling homeowners. The increase is far higher than analysts predicted recently.It is estimated that the price hikes will be introduced during the summer months, when heating bills are not at top of peoples minds, to make them less controversial. Furthermore, it is likely that the price increases will be introduced in stages rather than as a single large increase.The latest price increase will put additional pressure on the financial systems trying to put a lid on a growing risk of inflation. Large increases in the ...
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