Fusion Provida UK (FPUK) and Utility Power Systems (UPS) have been acquired from the Fusion group. FPUK supplies utility infrastructure products and UPS supplies and hires out pipe jointing equipment to utility contractors. With close to 200 employees, the businesses operate from 11 depots around the UK, including a national distribution centre and national sales office in Chesterfield, Derbyshire.
The deal was originally announced on 1st April 2014 but has now received formal clearance from the competition authorities.
Wolseley UK managing director Steve Ashmore said: “The acquisition gives Wolseley UK an excellent opportunity to expand its presence in the utilities supply chain. It is a strong next step in our strategy to grow in this marketplace and trade in areas where we are equipped to win.
“Fusion Provida UK and Utility Power Systems’ great customer service and expertise fit well with Wolseley UK’s strategy and values. Working alongside our Burdens business and led by Burdens’ managing director, Keith Dorling, they can help us fulfil our potential in the infrastructure and utilities marketplaces.”
Fusion has decided to focus on its core manufacturing activities – electrofusion fittings, polyethylene pipe jointing equipment and tooling, black pipe extrusion and fabrications.
There are three long-term supply agreements in place between FPUK and Fusion Group for: electrofusion fittings; black polyethylene pipe and fabrications; and pipe jointing equipment, tooling and associated spares.