ferguson plc


  • The company continued to trade as Wolseley in the United Kingdom and Canada,[7] until 2021 when Wolseley UK was sold to a private equity firm.

  • [8] Type: Public limited company; Traded as: NYSE: FERG, LSE: FERG; ISIN: JE00BJVNSS43; Industry: Building materials; Headquarters: St Helier, Jersey, (Registered Office),
    Wokingham, England, (Corporate Headquarters); Key people: Geoff Drabble (Chairman)[1], Kevin Murphy (CEO)[2]; Revenue: US$22.8 billion (2021)[3]; Operating income: US$2.0 billion (2021)[3]; Net income: US$1.5 billion (2021)[3]; Number of employees:
    31,000 (2022)[4]; Subsidiaries: Ferguson Enterprises, Wolseley Limited History Wolseley[edit] The Wolseley business began in 1887 making sheep shearing machinery.

  • [10] In 1984, some of the manufacturing businesses were sold off, and since that time Wolseley has been mainly a distribution business.

  • [15] Following a 2016 restructuring of the UK business (based in Warwick in Warwickshire), most of the trading brands were renamed, and brought under the single brand of Wolseley.

  • In 1982, it entered the market in the United States by acquiring Ferguson Enterprises, a distributor of plumbing supplies, with around fifty branches on the East Coast of
    the United States.

  • [18] The stock listing switched to new holding company Ferguson plc on 1 August 2017.

  • [8] Ferguson plc[edit] Wolseley announced it would rebrand as Ferguson effective 31 July 2017, because almost all of its business was now in the United States, in the name
    of Ferguson Enterprises.

  • Wolseley moved into Europe, by buying French plumbing supplies business Brossette in February 1992.

  • Though the board did allow Austin to purchase some machinery to build cars, they decided around 1900, it was unlikely to be a profitable industry.

  • [5] Wolseley plc changed its name to Ferguson plc in March 2017, to reflect the primacy of its operations in the United States.


Works Cited

[‘”Ferguson appoints former Ashtead boss Geoff Drabble as chairman”. Reuters. 22 May 2019. Retrieved 2 August 2021.
o ^ “Kevin Murphy promoted to Ferguson plc group CEO”. Supply House Times. 12 September 2019. Retrieved 2 August 2021.
o ^ Jump up
to:a b c “Annual Report 2021” (PDF). Ferguson plc. Retrieved 14 February 2022.
o ^ “Corporate profile”. Ferguson plc. Retrieved 14 February 2022.
o ^ “Our businesses”. Ferguson plc. Retrieved 8 November 2018.
o ^ Josh Mitchell and Ben Dummett
of The Wall Street Journal (5 April 2023). “Growing CEO pay gap gives New York an extra edge over London”. Fox Business. Retrieved 8 April 2023. Thanks largely to big stock awards, CEOs of U.S.-listed companies tend to make several times more than
those in the U.K.
o ^ “Wolseley to rebrand as Ferguson, exit Nordic region”. FT. 28 March 2017. Retrieved 8 November 2018.
o ^ Jump up to:a b c “New owners for Wolseley UK”. The Construction Index. 4 January 2021. Retrieved 4 January 2021.
o ^
Jump up to:a b Roy Church, ‘Austin, Herbert, Baron Austin (1866–1941)’, Oxford Dictionary of National Biography, Oxford University Press, 2004
o ^ Jump up to:a b c d e f “Company history”. Wolseley plc. Archived from the original on 16 December
2009. Retrieved 4 September 2010.
o ^ “contractjournal.com”. Retrieved 21 March 2015.
o ^ “Wolseley agrees to sell Build Center to Saint Gobain”. BBC News. 25 July 2011. Retrieved 21 March 2015.
o ^ “Wolseley agrees to sell Brossette to Saint
Gobain”. Batirama. Retrieved 21 March 2015.
o ^ “ISB Group separates from Wolseley; becomes 100% French”. Fordaq. 9 April 2015.
o ^ “OpenGate Capital Enters into Exclusivity with Wolseley plc for the Acquisition of Bois & Matériaux”. Business
Wire. 11 November 2015.
o ^ “Wolseley cuts 800 more jobs as profits dip”. The Guardian. 27 February 2016. Retrieved 8 November 2018.
o ^ “Plumb and Parts Center now Wolseley”. Gas Engineer. 3 January 2018. Retrieved 8 November 2018.
o ^ Jump
up to:a b “Wolseley to rebrand as Ferguson as it departs from Scandinavia”. The Daily Telegraph. 28 March 2017. Retrieved 15 April 2017.
o ^ “Plumbing outfit set to follows BHP’s FTSE 100 exit in May this year”. Shares Magazine. 12 March 2022.
Retrieved 13 May 2022.
o ^ Jump up to:a b “Ferguson taps into lucrative US construction market”. The Times. 3 October 2018. Retrieved 8 November 2018.
Photo credit: https://www.flickr.com/photos/jolives/5086249859/’]