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For Immediate Release
September 11, 2007


Ferguson announces purchase of Davidson Pipe Company, Inc.

NEWPORT NEWS, VA – Ferguson announces the purchase of Davidson Pipe Company, Inc., headquartered in Brooklyn, N.Y., in a stock transaction completed August 27, 2007.

Davidson is a leading wholesale supplier of pipe and tubing, valves, fittings and pipe accessories.  With over 100 years of experience in the industry, Davidson is a well-known company with unique expertise in its field.  The Wholesaler ranked Davidson as the sixteenth largest wholesale distributor of pipe, valves and fittings in the United States for 2007.  Additionally, Davidson is the only PVF distributor in the New York metropolitan area offering in-house fabrication and welding services, providing a one-stop-shopping experience to their customers.

In addition to the PVF segment, Davidson has two supplemental areas of business, Specialty Pipe & Tube, Inc. and Monotube Pile Corporation.  Specialty is a leading distributor of heavy-wall carbon and carbon alloy seamless pipe and tubing to a variety of industries including the energy sector.  Monotube is a distributor of tapered, fluted steel foundation piling to foundation contractors across North America.

“The potential for growth resulting from this combination is truly exciting,” said Peter Davidson, current president of Davidson.  “Given the extraordinary management skills and purchasing power of Ferguson, and the 100+ years of customer relationships earned by Davidson, we are greatly looking forward to an increased presence in each of our markets.”

Davidson will continue to lead the Davidson group as General Manager and will report directly to Robert Braig, Vice President of Industrial and Specialty Business Group for Wolseley’s North American Division.

       

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For further information, contact: communications@ferguson.com

Wolseley
Wolseley plc is the world’s largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe. Group revenues for the year ended July 31, 2007 were approximately $31.6 billion. Wolseley has approximately 75,000 employees operating in 27 countries namely: Austria, Barbados, Belgium, Canada, Croatia, Czech Republic, Denmark, Finland, France, Hungary, Ireland, Italy, Luxembourg, Mexico, Norway, Panama, Poland, Puerto Rico, Romania, San Marino, Slovakia, Sweden, Switzerland, The Netherlands, Trinidad & Tobago, UK, USA. Wolseley is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies. In the U.S., Wolseley trades on the over-the-counter market (OTC) under the symbol WOSLY.  For more information, visit www.wolseley.com.

Ferguson
Headquartered in Newport News, Va., Ferguson is the country's largest wholesale distributor of plumbing supplies; pipes, valves and fittings; heating and cooling equipment; waterworks; mechanical and industrial; bathrooms and appliances; tools and safety equipment; and fire protection products. Ferguson has sales of $11 billion and around 22,000 associates in over 1,400 service centers located in all 50 states, the District of Columbia, Puerto Rico, Mexico and the Caribbean.  For more information, visit www.ferguson.com.

Ferguson is part of Wolseley plc, the world’s largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe.  Group revenues for the year ended July 31, 2007, were approximately $31.6 billion. Wolseley has approximately 75,000 employees operating in 27 countries. Wolseley is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies. In the U.S., Wolseley trades on the over-the-counter market (OTC) under the symbol WOSLY. For more information, visit www.wolseley.com.

Wolseley, North American Division
Wolseley plc is the world’s largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe. Group revenues for the year ended July 31, 2007, were approximately $31.6 billion. Wolseley has approximately 75,000 employees operating in 27 countries. Wolseley is represented in North America by three businesses, Ferguson, Stock Building Supply and Wolseley Canada. Wolseley is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies. In the U.S., Wolseley trades on the over-the-counter market (OTC) under the symbol WOSLY. For more information, visit www.wolseley.com.

Stock
Raleigh, NC-based Stock Building Supply is the largest supplier of building materials to professional home builders and contractors in the United States. Stock currently operates 299 locations in 34 states, with reported sales of $4.6 billion for the fiscal year 2007. For more information visit: www.stockbuildingsupply.com.


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