Last checked at 2 Jul 2019 07:00
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