French group also in exclusive talks for Wolseley鈥檚 French plumbing business Brossette

French construction products group Saint-Gobain has snapped up Build Centre, Wolseley鈥檚 chain of builders鈥� merchants, for 拢145m.

Saint-Gobain is also in exclusive talks for Wolseley鈥檚 French heating and plumbing business Brossette, it said in a statement to the City this morning.

Pierre-Andr茅 de Chalendar, chairman and chief executive of Saint-Gobain, said: 鈥淭hese two acquisitions, which will add more than 鈧�1bn of sales, are perfectly in line with the strategy of Saint-Gobain.

鈥淭hey will further develop our building distribution sector and complement the geographical presence in two of the sector鈥檚 key businesses 鈥� general building distribution in the UK and plumbing, heating and sanitary products in France 鈥� while creating significant synergies, particularly in the areas of purchasing and logistics.鈥�

Build Center has a network of 148 branches in the UK and reported revenue of 拢316m.

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