Grafton Group PLC Agreement to Acquire Distribution Business in ROI (3812M)
14 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMGFTU
RNS Number : 3812M
Grafton Group PLC
14 September 2023
Agreement to Acquire Distribution Business in Ireland
Grafton Group plc, the building materials distributor and DIY
retailer with operations in Ireland, the UK, the Netherlands and
Finland, is pleased to announce that Chadwicks has entered into an
agreement to acquire Rooneys Homevalue Limited ("Rooneys"), a
distributor of building materials and DIY products from a single
location in Kells, County Meath.
Completion of this acquisition is subject to approval by the
Competition and Consumer Protection Commission in Ireland.
Rooneys primarily supports trade customers operating in the
residential repair, maintenance and improvement and new build
markets. It also has a retail proposition serving a local market.
Revenue was EUR11.0 million (GBP9.4 million) in the financial year
ending on 28 February 2023.
Commenting on the acquisition Eric Born, Chief Executive Officer
of Grafton said today:
"Rooneys is an ideal fit with Chadwicks branch network in
Ireland and will extend geographic coverage of the fragmented
building materials distribution market into an important town
within the Dublin commuter belt. We see potential for the organic
development of this business to support trade customers with a
wider offering of building materials and construction products
."
ENDS
For further information please contact:
Investors Media
Grafton +353 1 216 Murrays
Group plc 0600 Pat Walsh +353 1 498 0300
Eric Born Chief Executive
Officer
David Arnold Chief Financial Buchanan GraftonGroup@buchanancomms.co.uk
Officer Helen Tarbet +44 (0) 7872 604 453
Simon Compton +44 (0) 7979 497324
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, the
Netherlands and Finland. Grafton is also the market leader in the
DIY, Home and Garden retailing market in Ireland and is the largest
manufacturer of dry mortar and bespoke timber staircases in the
UK.
Grafton trades from circa 360 branches and has circa 9,000
colleagues. The Group's portfolio of brands includes Selco Builders
Warehouse, Leyland SDM, MacBlair, TG Lynes, EuroMix and StairBox in
the UK; Chadwicks and Woodie's in Ireland; Isero and Polvo in the
Netherlands; and IKH in Finland.
For further information visit www.graftonplc.com
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END
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September 14, 2023 02:00 ET (06:00 GMT)
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