Agreement to Acquire Proline

RNS Number : 4448J

Grafton Group PLC

22 December 2020

 

Agreement to Acquire Proline Architectural Hardware

22 December 2020

Grafton Group plc ("Grafton"), the building materials distributor and DIY retailer with operations in the UK, Ireland and the Netherlands, is pleased to announce that it has agreed to acquire Proline Architectural Hardware ("Proline"), a leading distributor of architectural ironmongery products for doors from a single location in Dublin. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland.

Proline reported revenue of €10.8 million (£9.8 million) in 2019. 

Proline specialises in the supply of a wide range of high quality traditional and contemporary architectural ironmongery products, in a variety of designs and finishes, including door locks, hinges and handles. Proline's wide product range and expertise allows joinery manufacturers, contractors and trade customers to source ironmongery products from a single source.  The business works closely with architects on the specification and scheduling of ironmongery products for commercial, public sector and residential projects and continually develops its product ranges to ensure its customers benefit from the very latest solutions.

Commenting on the acquisition Gavin Slark, Chief Executive Officer of Grafton said today:

"Proline will bring specialist expertise to Grafton in the architectural ironmongery distribution segment in Ireland. It will also enable us to offer a broader range of products and services and to extend our customer base in this segment of the market.  The acquisition of Proline is in line with our strategy of acquiring specialist high quality businesses that trade in complementary markets."

For further information please contact:

Grafton Group plc  [phone]

Gavin Slark   Chief Executive Officer 

David Arnold  Chief Financial Officer

Murray  [phone]

Pat Walsh

MHP Communications  [phone]    

Tim Rowntree/Rachel Mann

About Grafton

Grafton Group plc is an international distributor of building materials to trade customers and has leading regional or national positions in the merchanting markets in the UK, Ireland and the Netherlands. Grafton is also the market leader in the DIY retailing market in Ireland and is the largest manufacturer of dry mortar in the UK.

Grafton trades from circa 530 branches and has circa 11,200 colleagues. Its portfolio of brands includes Selco, Buildbase, Leyland SDM, MacBlair, CPI EuroMix and StairBox in the UK; Chadwicks and Woodie's in Ireland and Isero and Polvo in the Netherlands.

For further information visit www.graftonplc.com 

 

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