Trade distributor now has “a substantial shareholding” in BathEmpire.com
Trade distributor of building materials, plumbing and heating products Wolseley has acquired a “substantial” shareholding in online bathroom retailer bathempire.com. It has the option to acquire the remaining equity stake at a future date.
Founded in 2009 and employing 150 people, in the year ended December 31, 2014, BathEmpire.com generated revenue of £26million.
According to Wolseley, the acquisition gives the company “a strong position” in the UK business to consumer (B2C) online bathroom market.
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Commenting on the acquisition, CEO of Wolseley Ian Meakins said: “The UK B2C online bathroom market is growing rapidly and BathEmpire.com gives us an established brand with a scalable platform and the opportunity to build a significant presence over time.”
Operating in North America, the UK and Europe, the Wolseley Group revenue for the year, ended July 31, 2014, was £12.8billion and trading profit was £761million. It has around 41,000 employees, is listed on the London Stock Exchange and is in the FTSE 100 index of listed companies.
Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
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