Steve Endries Remains With Company After Sale to Ferguson

John Wolz

Steve Endries will remain with Endries International following the sale of his company to Norfolk, VA-based Ferguson Enterprises on September 30.
“Ferguson is excited to have the Endries family as part of our team,” commented Ferguson CEO John Stegeman. “Their expertise in the fastener business combined with vendor-managed inventory and materials handling capabilities offers our company great opportunities for further growth and process improvement.”
FastenerNews.com first reported the sale on October 5. Details of the acquisition were not disclosed.
Endries will now operate as part of Ferguson”s Commercial/Industrial business group and will continue to trade as Endries International and Endries Inc.
The sale included Endries” headquarters in Brillion, WI, as well as leased locations in the U.S.
In a written statement, Ferguson said Endries would provide the company with “expansion opportunities in the fastener and VMI business area.”
Founded in 1970, Endries operated as a family-owned fastener distributor and inventory management company for 35 years. The Brillion, WI-based firm employs 500 people and has annual sales of $150 million.
In the U.S., Ferguson is ranked by trade publications as the largest distributor of plumbing supplies and pipes, valves and fittings. Ferguson is also the third-largest distributor of heating and cooling equipment.
Founded in 1953, Newport News, VA-based Ferguson employs 18,100 workers in over 1,000 locations in the U.S., Mexico and Puerto Rico. Ferguson is owned by the UK-based Wolseley Group, which had sales of $19.8 billion in fiscal 2005. \ �2005 FastenerNews.com