Grafton Group Buys Kent-Based Direct Builders Merchants

LONDON (Alliance News) - Building merchanting and DIY business Grafton Group PLC Monday said it ...

Alliance News 1 September, 2014 | 7:58AM
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LONDON (Alliance News) - Building merchanting and DIY business Grafton Group PLC Monday said it has acquired Direct Builders Merchants Ltd, a general merchanting business trading from three branches in Kent.

The company did not say how much it paid for the business.

Grafton said this bolt-on-acquisition, which had revenue of GBP4.8 million in the financial year to December 31, 2013, improves the group's coverage of the merchanting market in Kent and the South East of England.

By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews

Copyright 2014 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Grafton Group PLC GBP 721.00 GBX 1.91 -
Grafton Group PLC
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