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Grafton buys UK merchanting firm

Monday, September 01 10:14:54

Irish builders' merchants and DIY firm Grafton Group today said it has acquired Direct Builders Merchants, a general merchanting business trading from three branches in Kent in England.

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

Grafton said this bolt-on-acquisition, which had revenue of Stg4.8 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.

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