Tag Archives: grafton

Gavin Slark to take up SIG CEO role

slark sig 2

The outgoing CEO of Grafton Group, Gavin Slark, is to take over as CEO of building distribution giant SIG from February 1 2023. Slark, who is announced his departure from Grafton in July, is stepping down at the end of this year after 11 years in the post. Steve Francis, …

Read More »

Grafton Group positive about half year results

selco nottingham young joiners

Builders merchant group Grafton Group plc is expecting to stick to its initial full year operating profit expectations, after a good trading performance in the half-year to June 30 2022. That’s according to a trading update which showed total revenue up by 13.9% in constant currency.  Average daily like-for-like revenue growth …

Read More »

Grafton sees record performance in ‘transformational year’

selco 1

International building materials distributor and DIY retailer Grafton Group plc has posted a 25% increase in revenue and a 68% increase in operating profit for the year ended 31 December 2021. Revenue across the group was £2.1bn, with operating profits at £288.0m Following the sale of the Group’s Traditional Merchanting …

Read More »

Grafton and Huws Gray complete the merchant deal

Six months after the shock announcement that merchant group Huws Gray had bought the traditional merchanting businesses of Grafton Group in Great Britain, the latter has announced that the divestment went through fully on December 31 2021. The acquisition of the Grafton businesses doubled the number of Huws Gray branches …

Read More »

Huws Gray: Grafton acquisition to double network

hG BB CL

The acquisition of the Grafton GB Merchanting business from Grafton Group plc will turn Huws Gray into the UK’s largest independent builders’ merchant, it was announced this morning. The £520m deal comprises approximately 200 merchant branches and 3,500 people. Terry Owen, founder and chairman, of Huws Gray said: “We are …

Read More »

Huws Gray buys Grafton’s mainland traditional merchanting businesses

Huws GRAY IMG 0675

Huws Gray, the Anglesey-based private equity-funded independent builders merchant group, has today bought the Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group, Frontline and NDI brands from Grafton Group plc. In the year to 31 December 2020, the Business reported revenue of £828.2 million (2019: £1.02 …

Read More »

Grafton half-year revenue drops by a fifth due to Covid-19

grafton annual report 2019 30 crop

Total sales at builders merchant group Grafton were 19% lower at £1.05bn for the year ended June 30 2020 due to the effects of the UK lockdown and the Covid-19 pandemic. Operating profit was £39.4m, a drop of 61% and pre-tax profits were 72% down at £24.8m However, the half-year …

Read More »

Grafton Group publish third quarter update

grafton logo

Following the successful completion of the sale of Plumbase and its Belgian operations, and against the backdrop of recent market trends, Grafton Group plc, the international builders merchanting and DIY Group, issued this trading update for the third quarter of 2019.  This update brings forward a planned update scheduled for …

Read More »

Grafton shows half-year growth

Buildbase truck

Irish merchanting group Grafton saw bigger contributions to its growth in the six months to June 30 2019, particularly from it Irish and Netherland businesses. The UK merchanting division saw more modest growth. Chief executive Gavin Slark said: “We made good strategic and operational progress in the first half of …

Read More »