By Ian Walker
Grafton Group is buying Rooneys Homevalue, a building materials and DIY products business in Ireland, for an undisclosed sum, it said Thursday.
The London-listed building-materials distributor said the acquisition–which is being made via its portfolio brand Chadwicks–is conditional upon approval by the Competition and Consumer Protection Commission in Ireland.
Rooneys generated revenue of 11.0 million euros ($11.8 million) for the year ended Feb. 28.
“Rooneys is an ideal fit with Chadwicks branch network in Ireland and will extend geographic coverage of the fragmented building materials distribution market into an important town within the Dublin commuter belt,” Chief Executive Eric Born said.
“We see potential for the organic development of this business to support trade customers with a wider offering of building materials and construction products.”
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