grafton builders merchants


[16], The company owns the Buildbase, Woodie's DIY, Civils and Lintels, Selco and Jacksons brands. [3], In October 2003, it also bought Plumbline, Scotland's largest independent plumbers merchants. The group announced the sale of the business to builder merchant Huws Gray in July for an enterprise value of 520 million. These comments should be provided by the deadline set out above.

Still, sales across the group's Irish distribution business, mainly operating under the Chadwicks brand, were down almost 13 per cent so far in 2021, a trend that group chief executive, Gavin Slark, said would be continuing in the near term. [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. The Distribution segment trades principally under the following brands: Selco and Leyland SDM in the South East, Midlands and North of England; Isero, Polvo and Gunters en Meuser in the Netherlands. It said revenue normalised in the retailing business here as the gains during the Covid-19 lockdown reversed as expected. 11 October 2021: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. (Formerly known as Grafton Merchanting GB Limited). In line with the CMAs guidance, however, merging companies can ask the CMA to fast-track the case to Phase 1 remedies discussions where it is clear from an early stage that there are competition concerns that can be addressed by clear-cut remedies. Choose section Our Business Overview - Our BusinessBusiness Model and StrategyKey Financial DataInvestment CaseBoard of DirectorsCorporate GovernanceHistory Our Mission Overview - Our MissionOur Purpose and ValuesSustainability Overview - Sustainability Customer and ProductPeopleResourcesCommunityEthics Our Brands Overview - Our BrandsDistribution Overview - Distribution ChadwicksCork Builders ProvidersDaviesDoorwaysGunters en MeuserIKHIseroLeyland SDMMacBlairPolvoSelco Builders WarehouseTelfordsTGLynesThe Panelling CentreWatershedRetailing Overview - Retailing Woodie'sManufacturing Overview - Manufacturing CPI EuromixStairBox MFP Investors Overview - InvestorsShare Price Centre Overview - Share Price Centre Investment calculatorShare seriesHistorical share priceReports, Results and PresentationsRegulatory News Overview - Regulatory News Subscribe for news alertsFinancial Calendar DividendsShareholder services Overview - Shareholder services Manage your shareholdingShareholder MeetingsShareholder FAQsCorporate Information Careers News Contact us. It will take only 2 minutes to fill in. [2] It subsequently became Concrete Products of Ireland. We use some essential cookies to make our services work.

Gavin Slark is chief executive of the Grafton Group. 31 March 2022: The sale of Buildbase Sudbury subject to the UILs to Lords Builders Merchants was approved by the CMA and completed on 31 March 2022. Get the latest business news and commentary from our expert business team in your inbox every weekday morning, Each Irish household must make climate change a personal battle, says Mary Robinson, Man and woman killed in Co Down light aircraft crash named, Teenager Joshua Hill tops South qualifiers after scintillating 62 at Lahinch, Steve Bannons legal team call no witnesses in contempt trial.

Update: The CMA acceptedPatagonia Bidco Ltd's undertakings on 14 January 2022. However, it said revenue for the half year was ahead of the pre-pandemic level in 2019 by over 25%. Speaking at the time, Goodbody Stockbrokers analyst David OBrien said the groups operating profit figure was 5 per cent ahead of his estimate, driven by the Irish business and UK merchanting.

You can change your cookie settings at any time. "The Group's overall trading performance was good against a very strong comparator in the first half of last year and our operating profit expectations for the full year are unchanged," said Gavin Slark, Chief Executive Officer of Grafton Group. Grafton Group, the builders merchants and DIY retailer, is to undertake a review of some of its merchanting businesses in Britain which may or may not result in the sale of some or all of these businesses. 30 September 2023, Last accounts made up to

The Group first announced that it had entered into an agreement with Huws Grayon 1 July 2021. The CMA has until 10 February 2022 todecide whether to accept the undertakings, with the possibility to extend this timeframe to 7 April 2022. Get regulatory news alerts directly to your inbox. We use some essential cookies to make this website work.

Up to 30th June 2022, the trading brands of Grafton Merchanting GB Limited (GMGB) included Huws Gray Buildbase, Hirebase, Electricbase, PDM Buildbase Scotland, Civils & Lintels, PDM, Lloyd Worrall and NDI. Grafton Group owns the Woodies DIY chain and builders merchants Chadwicks here. In early December,Patagonia Bidco Ltd, owner of Huws Gray, with the aim to mitigate the perceived loss in competition in Sudbury, proposed a series of undertakings centred on the sale of theSudbury branch ofBuildbase, "as soon asreasonably practicable". We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. As previously announced Mr Slark will continue in his roles as CEO and Board Director until 31 December 2022. 8 October 2021: The CMA announced the launch of its merger inquiry by notice to the parties. In February, the group reported that sales in its Woodies stores in the Republic were up 41 per cent so far this year, with consumers limited in where they could spend their money while non-essential retail stores remain in lockdown due to the Covid-19 pandemic.

In a trading update, the group said their distribution businesses in Ireland and the Netherlands performed strongly, while the UK distribution business was more subdued. The CMA has arrived at this decision under its fast-track procedure at the request of the merging parties who accepted that the merger gives rise to a realistic prospect of a substantial lessening of competition in one local area where both merging parties supply building materials through general builders merchants.

Please send written representations about any competition or public interest to: Final undertakings in lieu of reference published. [17] It also has a number of businesses that trade exclusively online. Due to its scope the salewas subject to regulatory approval by the Competition and Markets Authority, which launched an inquiry in the matter on 8 October. RT is not responsible for the content of external internet sites. Make sure you are on top of changes in the industry, and sign up for free to receive our weekly email newsletter, Top 100 Merchant Influencers souvenir brochure, Builders' Merchants Awards 2022 launch brochure, an agreement with Huws Grayon 1 July 2021, Hevey Building Supplies to buy Buildbase branch from Huws Gray, Lords Builders Merchants acquire Nu-Line Builders Merchants' site. Well send you a link to a feedback form. 01 Aug 2003. Reference unless undertakings accepted published. 2022 Building Supplies Distribution Limited. due by 4 May 2023, for BUILDING SUPPLIES DISTRIBUTION LIMITED (04725313), 46130 - Agents involved in the sale of timber and building materials, Companies House does not verify the accuracy of the information filed, 02 Sep 2008 - [3] Michael Chadwick bought out Marley and renamed the business Grafton Group in 1987. The businesses included in the deal,which comprise approximately 200 merchant branches and 3,500 people,are Grafton Merchanting GB Ltd (Buildbase), BathroomDistribution Group UK Ltd (Smiths Briten), Frontline Bathrooms, The Timber Group, HarveySteel Lintels, and Crescent Building Supplies (Ruislip) Ltd. Selco Builders Warehouse, as well as a number of UK-based specialist distribution and manufacturing brands, will remain within the Group. [4] In February 2003, it bought Jackson Building Centres, another British builders merchants, based in Lincolnshire. Huws Gray is one of the UKs largest independent builders merchants, trades from over 100 locations across the UK and is controlled by equity funds managed by Blackstone. RT.ie is the website of Raidi Teilifs ireann, Ireland's National Public Service Media. Images Courtesy of Getty Images. You can change your cookie settings at any time. Today, the company said the process to appoint a new Group Chief Executive Officer has commenced with the support of an executive search firm. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. It added that the overall performance of Chadwicks' distribution business in Ireland was "exceptionally strong" in a market that experienced a return to more normal trading conditions and significant building materials price inflation particularly for steel and timber products. No other businesses in the group form part of the strategic review, it said. The businesses included in the deal,which comprise approximately 200 merchant branches and 3,500 people,are Grafton Merchanting GB Ltd (Buildbase), BathroomDistribution Group UK Ltd (Smiths Briten), Frontline Bathrooms, The Timber Group, HarveySteel Lintels, and Crescent Building Supplies (Ruislip) Ltd. Selco Builders Warehouse, as well as a number of UK-based specialist distribution and manufacturing brands, will remain within the Group. As of 30 June 2022, it said the group had completed 43.8 million of the buyback programme. You need to be logged in to use this feature. 31 December 2021, Next statement date 20 April 2023 We use cookies to make our services work and collect analytics information. Building materials distributor Grafton Group has confirmed that it has completed the divestment of its traditional merchanting business in the UK. The CMA is investigating the anticipated acquisition of certain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. Check benefits and financial support you can get, Undertakings in lieu of reference accepted, Undertakings in lieu of reference consultation: closes 23 December 2021, Invitation to comment closes: 25 October 2021, Decision that undertakings might be accepted.

[15], In January 2022 the company announced the completion of the sale of its merchanting business in the UK to Huws Gray for 520m.

On 29 November, the CMA ruled thatthe merger may be expected to result in a substantial lessening of competition in one local area (Sudbury), where both merging parties supply building materials through general builders merchants. The group, which owns Woodies, said on Friday it had appointed Rothschild & Co to carry out the process. Earlier this month, Grafton Group announced that Gavin Slark is to step down as chief executive later this year after 11 years in the job. To help us improve GOV.UK, wed like to know more about your visit today. We also use cookies set by other sites to help us deliver content from their services. 02 Sep 2008, 07 Apr 2003 - The group said there was a "significant normalisation" of revenue in the Woodie's DIY, Home and Garden business here - particularly in the four months to the end of April following the gains made in the previous year when Woodies traded as an essential retailer while Ireland was in lockdown. The deal, which is worth 520 million,is considered to be the biggest of its kind in the industry to date. In May, Grafton Group commenced a buyback programme of up to 100 million to be completed by the end of the year.

Mein Nisinta Seirbhse Poibl na hireann. It said the strategic review is focused solely on the Buildbase, Civils & Lintels, PDM Buildbase, the Timber Group, Bathroom Distribution Group and NDI businesses. 9 December 2021: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition of certain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. In most merger cases, the CMA needs to carry out a longer Phase 1 investigation to determine whether it should clear a merger or refer it to a Phase 2 investigation. You've accepted analytics cookies. The company was established by William Chadwick as Chadwicks (Dublin) Ltd in 1902. Group revenue increased by 12.1% to 1.15 billion in the half year from 1.03 billion in first half of 2021, excluding the traditional merchanting business in Great Britain that was divested on 31 December 2021. You can change your cookie settings at any time.

14 January 2022: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition ofcertain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. [18], "Plumbline duo cash in as Grafton enters Scotland", Plumbworld appoint new deputy Managing Director, "Thompsons merchants acquired for 3.8m by Grafton group", "Grafton Group acquires Binje Ackermans for 20.5m", "Campaign unveiled to launch new kitchen, bedroom and bathroom brand Bohen", "Grafton Group Buys Kent-Based Direct Builders - Morningstar", "Ruislip-based builders' merchants bought out by multi-billion pound firm", "Grafton Group acquires London timber firm T Brewer", "Grafton Group acquires Allsand Supplies", "Grafton Group completes sale of traditional merchanting business in Britain", Henderson Smaller Companies Investment Trust, JPMorgan Emerging Markets Investment Trust, Sequoia Economic Infrastructure Income Fund, Templeton Emerging Markets Investment Trust, https://en.wikipedia.org/w/index.php?title=Grafton_Group&oldid=1076271642, Companies formerly listed on Euronext Dublin, Business services companies established in 1902, Companies listed on the London Stock Exchange, All Wikipedia articles written in Hiberno-English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 10 March 2022, at 07:20.
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