Newport News is currently the headquarters location of Wolseleysubsidiary Ferguson Enterprises, which has been housing WolseleyNorth America since it was created as the umbrella company ofWolseley's three North American entities in early 2005. The newheadquarters facility will sit on a 10-acre parcel near theFerguson site that the Industrial Development Authority of the Cityof Newport News plans to sell to the company.

Both local and state entities participated in wooing Wolseley.Maryland is providing about $4 million in incentives. Constructionof the new office facility is scheduled to get under way in thespring of 2006, with an estimated completion date in 2007.

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