Wolseley merges Tobler with Walter Meier in Switzerland

Wolseley signed an agreement to merge its Swiss plumbing and heating business Tobler with Swiss HVAC distributor Walter Meier AG. Wolseley will receive CHF 117.8 million cash and a 39.2% stake in the combined entity.

“Wolseley has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Swiss HVAC distributor Walter Meier AG.”coolingpost.com

• 2 sources
• coolingpost.comWolseley and Walter Meier in Swiss merger - Cooling PostNeil EverittFeb 21, 2017
• inddist.comWolseley To Merge Swiss Plumbing/Heating Unit With Walter Maier | Industrial DistributionWolseleyFeb 21, 2017

Summarized from public sources; check the original articles before acting on it.