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Grafton Group expands Belgian operations

Builders merchanting and DIY group, which operates Woodies DIY chain, buys Gedimat-Ginion.

Grafton, which which operates the Woodies DIY chain across Ireland has acquired its second Brussels-based business in a year.

Builders merchanting and DIY group Grafton has completed the acquisition of Gedimat-Ginion, a single branch general merchanting business located in Brussels for an undisclosed sum.

The annoucement comes exactly one month after the group announced it was to acquire Direct Builders Merchants, a general merchanting business in the UK.

The company, which operates the Woodies DIY chain across Ireland, and also has operations in the UK, also acquired the Brussels-based Binje Ackermans SA, a six-branch builders merchanting business based in Brussels and trading under the Mpro brand a year ago.

Grafton said the acquisition of Gedimat expands and complements its coverage of the Brussels market following the purchase of Mpro.

Gedimat had revenues of revenues of £3.2million (€4.1million) in the year to end-June 2014.

Source : Charlie Taylor - Irish Examiner

03 October 2014

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