1st Apr 2022 11:10
Lords Group Trading PLC - London-based building material distributor - Says its subsidiary, Hevey Building Supplies Ltd, has acquired a Buildbase builders' merchant branch in Suffolk, England from Grafton Merchanting GB Ltd. The branch was previously part of Grafton Merchanting's timber and building materials business. The total consideration of GBP2.2 million will be met from the company's existing cash resources.
Earlier Friday, its announces buying 90% interest in plumbing and heating businesses DH&P Trade Counters Holdings Ltd and DH&P HRP Holdings Ltd for a total of GBP9.3 million. The deal is being funded existing resources and is expected to be immediately earnings accretive, Lords Group says.
Current stock price: 101.76 pence, up 1.8% in London
12-month change: down 17%
By Heather Rydings; [email protected]
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