Strategic Review of GB Traditional Merchanting

RNS Number : 6578V

Grafton Group PLC

16 April 2021

 

GRAFTON GROUP PLC

("GRAFTON" or the "GROUP")

STRATEGIC REVIEW OF GB TRADITIONAL MERCHANTING

16 April 2021

In line with its strategic focus, the Board of Grafton Group plc today announces that it has appointed Rothschild & Co to undertake a review of certain of its traditional merchanting businesses in Great Britain which may or may not result in the sale of some or all of these businesses.

This strategic review is focused solely on the Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group and NDI businesses. No other businesses in the Group form part of the strategic review.

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 distribution 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 11,000 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  

 

END

 

 

UPDSFWFWIEFSEDL