The Wolseley Group which is a specialist trade distributor of plumbing and heating products has acquired a majority stake in luxury bathroom products business CP Hart. CP Hart sells online as well as from its 17 UK showrooms – this activity will continue unchanged.
Simon Oakland, chief executive, Wolseley said: “At Wolseley, we’ve known and admired CP Hart for a long time and we see this move as a valuable addition to our growing bathroom business. This acquisition takes us into the premium bathroom sector across both retail and commercial customers and we will work closely with the existing management team to capitalise on this opportunity including providing further investment to the CP Hart business.”
Richard Reynolds, chairman of CP Hart is to remain with the business. He said: “Becoming part of the Wolseley family, with its strong commitment to growing its position in the bathroom market, is a great result for our business and we are confident that Wolseley will help CP Hart to realise its ambitious expansion plans.”
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