An update from Grafton ( (GB:GFTU) ) is now available.
Grafton Group plc has announced its agreement to acquire HSS Hire Ireland Limited for €31.6 million, pending approval from the Competition and Consumer Protection Commission in Ireland. This acquisition will integrate HSS Hire Ireland into Grafton’s Chadwicks business, enhancing its tool and equipment hire services across Ireland. The move aligns with Grafton’s strategy to strengthen its market position and expand its service offerings, with expectations of an attractive return on investment and earnings enhancement in the first full financial year post-acquisition.
More about Grafton
Grafton Group plc is an international distributor of building materials with leading positions in distribution markets across Ireland, the UK, the Netherlands, Finland, and Spain. The company is also a market leader in the DIY, Home, and Garden retailing market in Ireland and is the largest manufacturer of dry mortar and bespoke timber staircases and windows in the UK. Grafton operates around 470 branches and employs approximately 10,000 people, with a portfolio of brands including Selco Builders Warehouse, Leyland SDM, MacBlair, TG Lynes, CPI EuroMix, and StairBox in the UK, and Chadwicks and Woodie’s in Ireland.
YTD Price Performance: -10.08%
Average Trading Volume: 334,114
Technical Sentiment Signal: Buy
Current Market Cap: £1.68B
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