HGH Plumbing Supplies sold to Wolseley Group

Mon 12 December 2005 by Mergers & Acquisitions

Vertex Law acted for the shareholders of HGH Plumbing Supplies Limited in the sale of the company to Wolseley UK Limited. HGH is a specialist merchant of plastic above ground drainage systems focusing on soil, waste, rainwater and hot and cold services. It has a current turnover of around £6m and distributes to a wide range of building and plumbing clients across the South East from its Tunbridge Wells depot.

HGH shareholder Peter Lake said, "The HGH team have created a very successful regional brand within the construction industry by concentrating on providing an in-depth, professional and reliable service, coupled with a thorough knowledge of plastic drainage systems. We felt comfortable in handing HGH on to Wolseley because with its market strength in this field it will allow the business to grow to higher levels. We were grateful to Vertex Law for assisting us to negotiate the right terms for the business and its staff. Nick Austen and his team worked efficiently to a very tight timescale and ensured that at all times we felt in control of the legal and commercial process."