Wolseley UK has announced the sale—with immediate effect—of its Bathstore business to Endless LLP.
Wolseley UK Managing Director Steve Ashmore said: “Wolseley has taken a strategic view in deciding to sell Bathstore. We believe it is a positive move for Bathstore and its employees and offers the best way forward for them, with an owner that is fully focused on the High Street retail market.
Bathstore employs around 500 people and operates through a network of 169 stores across the UK. Steve Ashmore continued: “It is also a positive move for Wolseley going forward as we can concentrate entirely on our core businesses, delivering growth by providing exceptional service and access to our products through a range of channels, including our branch network and online.”
For further information on Wolseley UK and its constituent brands visit www.wolseley.co.uk
11th May 2012