 | |
| Company type | Public limited company |
|---|---|
| Traded as | |
| Industry | Building materials |
| Founded | 1902; 123 years ago (1902) |
| Headquarters | Dublin, Ireland |
| Key people | Michael Roney (Chairman) Eric Born (CEO) |
| Revenue |  € 2,319.2 million (2023) |
| Operating income |  € 183.1 million (2023) |
| Net income | € 148.7 million (2023) |
| Website | graftonplc.com |
Grafton Group plc is a builders merchants business based in the United Kingdom and Ireland. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.
History
The company was established by William Chadwick as Chadwicks (Dublin) Ltd in 1902. It subsequently became Concrete Products of Ireland. It was the subject of an initial public offering in 1965 and building materials company Marley subsequently took a 51% stake. Michael Chadwick bought out Marley and renamed the business Grafton Group in 1987.
In March 1998, it bought British Dredging, a United Kingdom builders merchants. In February 2003, it bought Jackson Building Centres, another British builders merchants, based in Lincolnshire.
In October 2003, it also bought Plumbline, Scotland's largest independent plumbers merchants. In June 2004, it bought Heiton Group, Ireland’s largest independent plumbers merchants. In December 2006, it then bought Plumbworld, one of the United Kingdom’s largest online bathroom retailers.
In August 2013, it bought Wearside builders' merchant Thompsons, in October 2013, it bought Binje Ackermans, a Brussels based merchanting operation, 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.
Then in September 2014, it bought Direct Builders Merchants, a general merchanting business based in Kent and in December 2014, it bought Crescent Building Supplies, a builders' merchant based in Ruislip. In March 2015, it bought TG Lynes, a distributor of mechanical engineering products, in January 2016, it bought T Brewer, a timber distributor based in London, and in March 2016, it bought Allsand Supplies, a general builders' merchant located in Kent.
In January 2022 the company announced the completion of the sale of its merchanting business in the UK to Huws Gray for £520m. Businesses sold include Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group, Frontline and NDI Brands.
Operations
The company currently owns four physical "bricks and mortar" businesses, Woodie's DIY, Civils and Lintels, Selco and Jacksons brands. It also has a number of businesses that trade exclusively online.
References
- ^ "Annual Results 2023" (PDF). Grafton Group. Retrieved 7 March 2024.
- Michael Chadwick: Grafton Group Archived 2013-03-03 at the Wayback Machine Business & Finance, 2010
- ^ Beating the Budget blues The Independent, 10 December 2011
- "Grafton is tracking British Dredging". www.independent.ie. 10 March 1998.
- "Plumbline duo cash in as Grafton enters Scotland". www.scotsman.com. 7 October 2003.
- Grafton boosted by Heiton buy Construction News, 13 September 2005
- Plumbworld appoint new deputy Managing Director Archived 2013-10-18 at the Wayback Machine Journalism, 13 August 2012
- Robert Gibson (29 August 2013). "Thompsons merchants acquired for £3.8m by Grafton group". journallive. Archived from the original on 20 April 2016. Retrieved 9 April 2016.
- "Grafton Group acquires Binje Ackermans for €20.5m". Independent.ie. Retrieved 9 April 2016.
- "Campaign unveiled to launch new kitchen, bedroom and bathroom brand Bohen". Archived from the original on 1 January 2014. Retrieved 31 December 2013.
- "Grafton Group Buys Kent-Based Direct Builders... - Morningstar". MorningstarUK. Retrieved 9 April 2016.
- Will Ackermann (4 December 2014). "Ruislip-based builders' merchants bought out by multi-billion pound firm". getwestlondon. Retrieved 9 April 2016.
- "Grafton Group acquires TG Lynes". Retrieved 9 April 2016.
- "Grafton Group acquires London timber firm T Brewer". The Irish Times. 5 January 2016. Retrieved 9 April 2016.
- "Grafton Group acquires Allsand Supplies". Retrieved 9 April 2016.
- "Grafton Group completes sale of traditional merchanting business in Britain". independent.
- Grafton group suffers from bad weather Builders Merchant Journal, 6 May 2010
- Grafton Merchanting buys online merchant Archived 18 August 2017 at the Wayback Machine Builder's Merchant News, 30 June 2010