Wolseley UK concludes sale of Electric Center business
Wolseley UK has concluded the sale of its Electric Center business to leading electrical equipment distributor Edmundson Electrical.
Wolseley UK announced last month that electrical wholesale is no longer a core strategic activity for the UK business and that it was selling Electric Center.
Electric Center currently employs around 570 people and operates through a network of 84 branches. In 2010, its turnover was £129 million.
Wolseley UK’s Managing Director Steve Ashmore said: “I am pleased to confirm that we have completed the sale of Electric Center to Edmundson Electrical. We wish Electric Center and its employees the very best for the future as part of Edmundson Electrical and thank them for their contribution to Wolseley UK.”
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