Grafton Group

Grafton Group plc
Public limited company
Traded as LSE: GFTU
Industry Building materials
Founded 1902 (1902)
Headquarters Dublin, Ireland
Key people
 Michael Roney (Chairman)
Gavin Slark (CEO)
Revenue € 2,715.8 million (2017)[1]
€ 160.9 million (2017)[1]
€ 127.8 million (2017)[1]
Website www.graftonplc.com

Grafton Group plc is a United Kingdom and Ireland-based builders merchants business. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.

History

The company was established by William Chadwick as Chadwicks (Dublin) Ltd in 1902.[2] It subsequently became Concrete Products of Ireland.[3] It was the subject of an Initial Public Offering in 1965 and building materials company Marley subsequently took a 51% stake.[3] Michael Chadwick bought out Marley and renamed the business Grafton Group in 1987.[3] In March 1998, it bought British Dredging, a United Kingdom builders merchants.[4] In February 2003, it bought Jackson Building Centres, another British builders merchants, based in Lincolnshire.[3]

In October 2003, it also bought Plumbline, Scotland's largest independent plumbers merchants.[5] In June 2004, it bought Heiton Group, Ireland’s largest independent plumbers merchants.[6] In December 2006, it then bought Plumbworld, one of the United Kingdom’s largest online bathroom retailers.[7] In August 2013, it bought Wearside builders' merchant Thompsons,[8] in October 2013, it bought Binje Ackermans, a Brussels based merchanting operation,[9] and in December 2013, Grafton Group opened ten showrooms, and launched a brand new website called Bohen, which focuses on the bathroom, kitchen and bedroom industry.[10]

Then in September 2014, it bought Direct Builders Merchants, a general merchanting business based in Kent[11] and in December 2014, it bought Crescent Building Supplies, a builders' merchant based in Ruislip.[12] In March 2015, it bought TG Lynes, a distributor of mechanical engineering products,[13] in January 2016, it bought T Brewer, a London Timber distributor,[14] and in March 2016, it bought Allsand Supplies, a general builders' merchant located in Kent.[15]

Operations

The company owns the Buildbase, Plumbase, Woodies, Civils and Lintels, Selco and Jacksons brands.[16] It also has a number of businesses that trade exclusively online.[17]

References

  1. 1 2 3 "Annual Report 2017" (PDF). Grafton Group. Retrieved 25 March 2018.
  2. ↑ Michael Chadwick: Grafton Group Archived 2013-03-03 at the Wayback Machine. Business & Finance, 2010
  3. 1 2 3 4 Beating the Budget blues The Independent, 10 December 2011
  4. ↑ "Grafton is tracking British Dredging". www.independent.ie. 10 March 1998.
  5. ↑ "Plumbline duo cash in as Grafton enters Scotland". www.scotsman.com. 7 October 2003.
  6. ↑ Grafton boosted by Heiton buy Construction News, 13 September 2005
  7. ↑ Plumbworld appoint new deputy Managing Director Archived 2013-10-18 at the Wayback Machine. Journalism, 13 August 2012
  8. ↑ Robert Gibson (29 August 2013). "Thompsons merchants acquired for £3.8m by Grafton group". journallive. Retrieved 9 April 2016.
  9. ↑ "Grafton Group acquires Binje Ackermans for €20.5m". Independent.ie. Retrieved 9 April 2016.
  10. ↑ "Campaign unveiled to launch new kitchen, bedroom and bathroom brand Bohen". Retrieved 31 December 2013.
  11. ↑ "Grafton Group Buys Kent-Based Direct Builders... - Morningstar". MorningstarUK. Retrieved 9 April 2016.
  12. ↑ Will Ackermann (4 December 2014). "Ruislip-based builders' merchants bought out by multi-billion pound firm". getwestlondon. Retrieved 9 April 2016.
  13. ↑ "Grafton Group acquires TG Lynes". Retrieved 9 April 2016.
  14. ↑ "Grafton Group acquires London timber firm T Brewer". The Irish Times. 5 January 2016. Retrieved 9 April 2016.
  15. ↑ "Grafton Group acquires Allsand Supplies". Retrieved 9 April 2016.
  16. ↑ Grafton group suffers from bad weather Builders Merchant Journal, 6 May 2010
  17. ↑ Grafton Merchanting buys online merchant Builder's Merchant News, 30 June 2010
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.