Wolseley UK receives clearance for the acquisition of Heat Merchants and Hevac Limited, and names the new Managing Director for Ireland
In April, Wolseley UK announced its intention to acquire Heat Merchants and Hevac Ltd., subject to clearance from the Irish Competition and Consumer Protection Commission, which has now been received.
Wolseley UK has also announced the appointment of Mark Lohan to the role of Managing Director, Ireland starting on 15 July.
Mark brings extensive experience in the Irish market, specifically around supply chain management, finance, and operational strategy, to the role. He was previously the Managing Director of Brooks, one of the longest established of Ireland’s timber and building supplies businesses.
Mark said of the appointment: “I am extremely excited to be joining Wolseley to lead the Heat Merchants, Tubs & Tiles and Hevac businesses. There are lots of opportunities in the Irish market at the moment and, as part of Wolseley, we will be in a very strong position to continue the growth, and build on the momentum and financial security that the teams in the businesses have already generated over recent years.”
Simon Oakland, CEO Wolseley UK, commented: “I am delighted that Mark will be joining the team. His extensive experience in the Irish market will be invaluable as Wolseley continues to drive its growth strategy and extend the business into Ireland.”
Wolseley expects the acquisition to complete by the end of June 2022.
Heat Merchants and Hevac were advised on the transaction by CapNua Corporate Finance and Eversheds.