Puukeskus, which has 23 branches, generated revenue of £190m and trading profit of approximately £4m in the year ended 31 December 2013.
On completion approximately 400 employees will join the group and Puukeskus will be integrated with Wolseley’s Starkki business in Finland, which has 22 branches.
Completion is subject to receiving the appropriate clearance from the Finnish Competition Commission.
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