Completion of Acquisition of IKH in Finland
Grafton Group plc (“Grafton or the Group”), the building materials distributor and DIY retailer with operations in the UK, Ireland and the Netherlands is pleased to announce that, further to its announcement on 22 June 2021, it completed the acquisition of Isojoen Konehalli Oy and Jokapaikka Oy (“IKH”) on 1 July 2021.
IKH is one of the largest workwear, personal protective equipment (“PPE”), tools, spare parts and accessories technical wholesalers and distributors in Finland.
Commenting on completion of the acquisition, Gavin Slark, Chief Executive Officer of Grafton said today:
“We are delighted to announce completion of the IKH acquisition, a business that has an over 50-year heritage in the Finnish market. We believe that IKH is a very good strategic and cultural fit for Grafton and we welcome our new colleagues in Finland to the Group.