Wolseley

Kooltech is set to complete its acquisition by Wolseley after agreeing to dispose of its Aberdeen store amid competition concerns.

A proposed merger between two major air conditioning and refrigeration wholesalers could mean less competition and choice for customers in Aberdeen, the UK competition watchdog has warned.

Huws Gray, Jewson, NMBS, Travis Perkins and Wolseley have secured spots on a large-scale materials framework with dedicated lots for Scottish housing associations and local authorities.

Wolseley Group has signed an agreement to acquire Kooltech, one of the UK’s large air conditioning specialists, as it continues to increase its portfolio of suppliers and distributors across the UK. The deal is expected to complete in mid-2023.

Builders’ merchant group Wolseley is to close 80 UK branches with the loss of 800 jobs as part of a £100 million restructuring, the firm announced today. Wolseley UK said the wide-ranging transformation plan, which only affects the firm’s plumbing & heating operations, is designed to delive