International building materials firm advances its acquisition strategy in Spain
Deal Flash
Grafton Group plc, the international building materials distributor and DIY retailer, has acquired the entire issued share capital of Salvador Escoda, S.A.
Grafton Group plc manages local brands with strong market positions in the distribution, manufacturing and DIY retail segments of the building materials sector. Headquartered in Dublin and listed on the London Stock Exchange, it provides services in Ireland, the UK, the Netherlands, Spain and Finland.
We see long-term structural growth in the Spanish economy and in its fragmented distribution markets for building and construction products. Salvador Escoda’s leading brands in categories such as ventilation and air conditioning are an exciting new adjacent channel for Grafton. We look forward to working with the highly experienced and successful team to build on their rich heritage and accelerate what has been an impressive track record of growth.ERIC BORN, CHIEF EXECUTIVE OFFICER, GRAFTON GROUP PLC, IRELAND
Oaklins' role in facilitating the deal was vital to its success
Oaklins’ Spanish team acted as advisor to the Grafton Group on the transaction. This deal highlights Oaklins’ cross-border expertise and experience, showcasing its capacity for closing international deals in key growth sectors.
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