Joint Venture of Stock Building Supply

Wolseley today announces that it has sold 100% of the shares of Stock Building Supply Holdings LLC (“Stock”) to a joint venture company (“NewCo”) in exchange for 49% of the common equity of NewCo and nominal consideration. The Gores Group, an American investor, will own a majority interest in NewCo and has also committed to making further investments in the business.

Read announcement from Wolsely http://www.wolseley.com

Read Anouncement from Stock Building Supply http://www.stocksupply.com