Heat Merchants Group has been acquired by Wolseley Group
We are delighted to announce that Heat Merchants Group, including Heat Merchants and Tubs & Tiles, and Hevac Ltd with its associated brands, have been acquired by Wolseley Group. The acqusition was announced on 14th April 2022 and following clearance from the Irish Competition and Consumer Protection Commission, ownership was transfered to Wolseley Group in July 2022.
The three businesses combined employ over 400 people in 47 locations in the Republic of Ireland. All jobs will be retained, and it is also planned that the individual brands will be retained.
All businesses will continue to operate as they do at present. Trading will continue as normal and all services to our customers will continue as usual. All business support services and distribution services will also continue as they do at present.
Simon Oakland, CEO Wolseley Group, commented: “This is a very exciting announcement for Wolseley as it acquires Heat Merchants, Tubs & Tiles, and Hevac, all well-known brands in Ireland providing a local and personal service, which Wolseley will further build on. Wolseley, itself, is undergoing an ambitious growth strategy through business acquisition and this latest announcement is a key part of this.”
Shane Colleran, Director, Heat Merchants Group said: “This transaction and change to Wolseley ownership couldn’t have been better timed. It will allow us to build on the momentum we have generated over recent years and enable us to invest in the significant market opportunities in Ireland. There’s been a considerable increase in activity to address housing under-supply coupled with the continued development of commercial and industrial infrastructure on which this transaction will enable us to capitalise.”
Wolseley is a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers. Trading under a number of leading UK brands including Wolseley Plumb & Parts, Wolseley Pipe, Wolseley Climate, William Wilson, Jointing Tech, Burdens, and Fusion Utilities. It has around 560 branches nationally, three centres of excellence in the utilities divisions, support centres in Warwick and Ripon, and three distribution centres.
In each of the sectors it supplies, Wolseley acts as a trusted partner, providing a range of enhanced services and expertise to help customers to win more work, trade more efficiently and ultimately be more profitable. Customers benefit from the skills, knowledge and expertise of its people, the range of complimentary products and service offerings, its scale, its bespoke logistics network and a market leading digital suite of services.
If you require more information please contact your local brand or alternatively please contact us.