LONDON, UK: Grafton Group has agreed to acquire Sitetech Building Products, the market leader in the distribution of specialist construction accessories in Ireland where the business trades from two locations in Dublin and Cork. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Grafton Group is the…
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Grafton Group agrees to acquire Finland based IKH for €199.3 million
LONDON, UK: Grafton Group plc has signed an agreement with Mr. Ilkka Alakortes and his family to acquire Isojoen Konehalli Oy and Jokapaikka Oy (IKH), one of the largest workwear and personal protective equipment (PPE), tools, spare parts and accessories technical wholesalers and distributors in Finland, a news release said. The consideration payable for IKH…
Grafton Group to acquire Proline Architectural Hardware
LONDON: Grafton Group plc has agreed to acquire Proline Architectural Hardware, a leading distributor of architectural ironmongery products for doors from a single location in Dublin. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Proline reported revenue of €10.8 million (£9.8 million) in 2019. Proline specialises…
Grafton Group acquires StairBox for £44 million
LONDON: Grafton Group plc has announced the acquisition of AVC (StairBox) Ltd, an industry leading UK manufacturer and distributor of bespoke wooden staircases trading as “StairBox”. The consideration payable is £44 million on a cash and debt free basis including £4 million that is deferred until November 2022. Founded in 1994, StairBox has a pioneering…