Completion of Polvo Acquisition

RNS Number : 1168E

Grafton Group PLC

02 July 2019

 

Grafton Group plc

Completion of Polvo Acquisition

Grafton Group plc ("Grafton" or "the Group") announced on 11 April 2019 that it had conditionally agreed to acquire Polvo BV ("Polvo"), a distributor of ironmongery, tools, fixings and related products that trades from 51 branches in the Netherlands.  Grafton is pleased to announce that this transaction completed on 1 July 2019. 

The acquisition of Polvo, a unique opportunity to acquire a leading business and brand, complements our established Isero business in the Netherlands and consolidates its market leadership position in this segment of the merchanting market where it now trades from 113 branches.

Grafton Group plc                + 353 1 216 0600

Gavin Slark, Chief Executive Officer

David Arnold, Chief Financial Officer

Murray                                   + 353 1 498 0300

Pat Walsh

MHP Communications         + 44 20 3128 8778

Tim Rowntree

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, the Netherlands and Belgium. 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 675 branches and has almost 13,000 colleagues. Its portfolio of brands include Selco, Buildbase, Plumbase, Leyland SDM, MacBlair and CPI EuroMix in the UK; Chadwicks, Heiton Buckley and Woodie's in Ireland; Isero and Gunters en Meuser in the Netherlands and YouBuild and MPRO in Belgium.

 For further information visit www.graftonplc.com

 

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