Wolseley plc has today announced the acquisition of a substantial shareholding in BathEmpire.com a leading B2C online bathroom retailer in the UK, with an option to acquire the remaining equity stake at a future date. In the year ended 31 December 2014 the business generated revenue of £26 million.
BathEmpire.com was founded in 2009 and has 150 employees. This acquisition gives Wolseley a strong position in the UK B2C online bathroom market and a scalable platform to support future growth.
Commenting on the acquisition, Ian Meakins, CEO of Wolseley plc, said: “The UK B2C online bathroom market is growing rapidly and BathEmpire.com gives us an established brand with a scalable platform and the opportunity to build a significant presence over time.”