Australia's Wolseley exits maintenance firm to trade buyer
Wolseley Private Equity has agreed to sell its controlling stake in Australian building maintenance equipment company Facade Access to Swedish industrial sector supplier Alimak for A$120 million ($92.1 million).
According to AVCJ Research, Wolseley acquired the business under the name E.W. Cox in 2007 for $12.1 million. The transaction is expected to close before the end of 2016. No specifics have been given...
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