11th Oct 2021 09:53
Grafton Group PLC - Dublin-based building materials distributor and DIY retailer - The UK Competition & Markets Authority says it is reviewing Grafton's sale of its merchanting business in the UK to builders merchants Huws Gray. Grafton announced the GBP520 million disposal at the start of July. The unit to be sold includes the Buildbase, Timber Group and NDI brands, among others. In financial year 2020, the business reported adjusted operating profit of GBP18.8 million on revenue of GBP828.2 million. The CMA on Monday invited comments from any interested party on whether the sale will lessen competition in the UK.
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By Tom Waite; [email protected]
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