Wolseley sale provides opportunity to deliver more on Materials
21st November, 2011
Builders Merchant and PfH Materials supplier Wolseley, has announced that it is selling its Electric Center and Build Center brands and both will cease being legal trading entities over the next few months. Electric Center will be sold to and branded as Edmundson, while Build Center will be sold to Saint-Gobain (subject to European approval) and branded as Jewson.
Steve Malone, Managing Director explains what this means for PfH Members.
Will PfH be retendering?
Wolseley became an awarded supplier on all six lots of the Materials Agreement when it was launched in June 2010, so we believe it's vital that we retender to ensure that Members continue to benefit from the highest level of choice and competitiveness. We’ve already started work on this because we want to ensure Members remain fully compliant and where necessary, they have time to plan a smooth transition to another supplier.
What does this mean for Members trading on the existing Materials Agreement?
There is absolutely no legal or operational risk to Members trading on the current Materials Agreement. The launch of the new agreement will take place in January and all Members will be given regular updates on progress.
Will the new agreement be any different to the current one?
The key drivers behind the new agreement will be the same in that we will aim to get the best value for Members across the UK. However, retendering does give us the opportunity to increase the level of choice, flexibility and competitiveness available within the agreement.
What should Members do now?
Members don’t need to do anything as the current agreement will continue to be available. However, there will be an opportunity to get involved in the development of the new agreement and the PfH team will be in touch with news and updates on this in the coming weeks.