Builders merchanting group Grafton has completed the acquisition of UK distributor of mechanical engineering products, TG Lynes.
TG Lynes operates in London and the South East region and trades from a purpose built distribution facility in Enfield, North London.
In a statement, Grafton said the acquisition “greatly enhances the Group’s coverage of this segment of the merchanting market and is a significant step forward that complements development of the Plumbase Industrial business”.
Plumbase Industrial currently trades from ten locations following a successful entry into the market with the opening of its first branch in 2013.
Grafton added that the purchase “further strengthens the Group’s platform for future growth in this target sector and will be earnings enhancing from completion”.
Mark Kelly, CEO at Grafton Merchanting GB Ltd said: “We are delighted to announce our acquisition of TG Lynes Ltd and to extend our offering to commercial building services and industrial process markets across the South East. This acquisition further strengthens the Group’s platform for future growth and is a significant step forward for the Plumbase Industrial business.”