Grafton Group has financial ‘firepower’ for €934m worth of deals, says new CEO – The Irish Times
The new chief executive of Grafton Group, Eric Born, said that the DIY retailer and builders merchants group has financial scope to pursue about £800 million (€934 million) of acquisitions, as it continues to generate strong levels of cash even as its pretax profit slid in the first six months of the year.
The Dublin-based company, which owns the Woodie’s retailing and Chadwicks merchant brands in the Republic, also operates across the UK, Netherlands and Finland, where it has more specialist distribution businesses. Mr Born, who took the helm at the end of last year, said the group’s focus is
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