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Grafton Group plc

Grafton Group plc Completion of Polvo acquisition

Grafton Group plc (LON:GFTU) announced on 11 April 2019 that it had conditionally agreed to acquire Polvo BV, a distributor of ironmongery, tools, fixings and related products that trades from 51 branches in the Netherlands.  Grafton has today announced 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.