Major Merger Completed by Ferguson, Familian

Major Merger Completed by Ferguson, Familian

Newport News, VA Ferguson Enterprises, Inc. and Familian Corp., two of the nation's largest wholesale distributors of plumbing and related products, including many used by kitchen/bath space planners, have become a single entity under the terms of a merger agreement engineered by the wholesalers' parent company, the British-based building materials giant Wolseley plc.

The merger, announced to the trade press in mid-August, will integrate the operations of the two companies, with the Los Angeles-based Familian being restructured to become Ferguson's West Coast Region.

The move, which makes Ferguson the first coast-to-coast service company in the plumbing wholesale industry, creates a new corporate entity with combined sales of some $2.5 billion. The company will employ more than 8,000 people in more than 400 locations in the U.S., Mexico and Puerto Rico, according to Ferguson officials.

"With this merger we are creating a nationwide distribution network under one name," said Charles Banks, president of Ferguson Enterprises, which is headquartered in Newport News, VA. "We believe it will enable us to provide enhanced performance to all of our customers."

"At Familian, we have enjoyed a proud heritage of 70-plus years of service on the West Coast," added former Familian president Steven Grosslight, who will now serve as Ferguson's West Coast v.p./regional manager. "As Ferguson, however, we are adding significantly to the value of what we can offer our customers and [employees]."

Wolseley made its first entry into U.S. distribution through the acquisition of Ferguson in 1982. Familian joined the Wolseley group in 1987.

Loading