Grafton Group plc has acquired Salvador Escoda S.A.

Grafton Group plc, the international building materials distributor and DIY retailer, has acquired the entire issued share capital of Salvador Escoda, S.A. from Escoda Sans, S.L. The acquisition of Salvador Escoda is consistent with Grafton’s strategy of acquiring platform businesses with unique propositions offering exciting growth opportunities, and which operate in fragmented markets with strong underlying fundamentals.

Grafton Group plc operates local brands with strong market positions in the distribution, manufacturing and DIY retail sectors of the building materials industry. Headquarted in Dublin and listed on the London Stock Exchange, it provides services in Ireland, the UK, the Netherlands, Spain and Finland.

Salvador Escoda S.A. is one of Spain’s leading distributors of air conditioning, ventilation, heating, water and renewable products, serving professional installers across the residential, commercial and industrial sectors. The company, headquartered in Barcelona and founded in 1974, operates from over 90 strategically located branches throughout Spain and is supported by four distribution centers.

Oaklins’ team in Spain acted as advisor to the Grafton Group on the transaction.