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12 Nov 2019 | 14:12

Ferguson acquires US heating, air conditioning group S. W. Anderson Sales

Plumbing and heating products distributor Ferguson said it had acquired US heating, ventilation and air conditioning group S. W. Anderson Sales, for an undisclosed sum.

The Farmingdale, New York-based business was founded in 1955, employed about 150 associates generated revenue of $90m in calendar 2018.

'Ferguson is committed to growing our business in the New York metro area, which is one of the largest and most attractive markets in the US,' chief executive designate Kevin Murphy said.

At 2:12pm: (LON:FERG) Ferguson Plc share price was +35p at 6767p

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