Agreement to Acquire Distribution Business in Ireland
Grafton Group plc, the building materials distributor and DIY retailer with operations in Ireland, the UK, the Netherlands and Finland, is pleased to announce that Chadwicks has entered into an agreement to acquire Rooneys Homevalue Limited (“Rooneys”), a distributor of building materials and DIY products from a single location in Kells, County Meath.
Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland.
Rooneys primarily supports trade customers operating in the residential repair, maintenance and improvement and new build markets. It also has a retail proposition serving a local market. Revenue was €11.0 million (£9.4 million) in the financial year ending on 28 February 2023.
Commenting on the acquisition Eric Born, Chief Executive Officer of Grafton said today:
"Rooneys is an ideal fit with Chadwicks branch network in Ireland and will extend geographic coverage of the fragmented building materials distribution market into an important town within the Dublin commuter belt. We see potential for the organic development of this business to support trade customers with a wider offering of building materials and construction products."