Wolseley sells Freshmax

2nd Feb 12

Wolseley has accepted an offer from Maui Capital, an Auckland based private equity firm, to acquire Wolseley’s shareholding in Freshmax. Management will continue as significant shareholders in the business.

“Wolseley is very pleased to have been associated with Freshmax during a remarkable growth period," said Brendan Hill, a Director of Wolseley and on the Board of Freshmax. "Freshmax is the stand-out business in an attractive investment sector and we wish the management team, grower supply partners and the Freshmax Board much continued success in the next stage of the Group’s development.”

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