Grafton Group has completed the acquisition of Dutch business Polvo for €131m on a debt-free and cash-free basis. Grafton Group has completed the acquisition of Dutch business Polvo for €131m on a debt-free and cash-free basis. Polvo is one of the top three businesses in the specialist ironmongery, tools and ventilation systems market in the Netherlands. Grafton, which announced the acquisition of Polvo in April, owns the Woodies DIY chain as well as builders merchanting outlets Chadwicks and Heiton Buckley in Ireland. This acquisition increases Grafton's presence in the Netherlands, where it already owns the Isero tools store business.

Source: Irish Independent July 02, 2019 06:22 UTC