They are delighted to announce that Heat Merchants Group, including Heat Merchants and Tubs & Tiles, and Hevac Ltd with its associated brands, have been acquired by Wolseley Group. The acquisition was announced on 14th April 2022 and following clearance from the Irish Competition and Consumer Protection Commission, ownership was transfered to Wolseley Group in July 2022.
The three businesses combined employ over 400 people in 47 locations in the Republic of Ireland. All jobs will be retained, and it is also planned that the individual brands will be retained.
Business support services
All businesses will continue to operate as they do at present. Trading will continue as normal and all services to our customers will continue as usual. All business support services and distribution services will also continue as they do at present.
This is a very exciting announcement for Wolseley as it acquires Heat Merchants, Tubs & Tiles, and Hevac"
Simon Oakland, CEO Wolseley Group, commented: “This is a very exciting announcement for Wolseley as it acquires Heat Merchants, Tubs & Tiles, and Hevac, all well-known brands in Ireland providing a local and personal service, which Wolseley will further build on. Wolseley, itself, is undergoing an ambitious growth strategy through business acquisition and this latest announcement is a key part of this.”
Significant market opportunities
Shane Colleran, Director, Heat Merchants Group said: “This transaction and change to Wolseley ownership couldn’t have been better timed. It will allow us to build on the momentum we have generated over recent years and enable us to invest in the significant market opportunities in Ireland.”
“There’s been a considerable increase in activity to address housing under-supply coupled with the continued development of commercial and industrial infrastructure on which this transaction will enable us to capitalize.”
