Divestment of Traditional GB Merchanting BusinessSource: RNS
Completion of Divestment of Traditional Merchanting Business in Great Britain
4 January 2022
Grafton Group plc ("Grafton") announced on 1 July 2021 that it had entered into an agreement to divest its Traditional Merchanting Business in Great Britain. Grafton is pleased to announce that this divestment completed on 31 December 2021.
For further information please contact:
Grafton Group plc +353 1 216 0600
Gavin Slark Chief Executive Officer
David Arnold Chief Financial Officer
Murray +353 1 498 0300
MHP Communications +44 20 3128 8100
Tim Rowntree/Rachel Mann
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 Finland following the acquisition of IKH in July 2021. Grafton is also the market leader in the DIY, Home and Garden retailing market in Ireland and is the largest manufacturer of dry mortar in the UK where it also operates a market leading staircase manufacturing business.
Grafton trades from circa 335 branches and has circa 8,200 colleagues. Its portfolio of brands includes Selco, Leyland SDM, MacBlair, CPI 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