Grafton snaps up two firms

GRAFTON Group has gone on a pre-Christmas spending spree, snapping up a builders merchant and a plumbing business.

Grafton, which also owns the Woodies and Atlantic Homecare DIY chains, said yesterday that it had acquired Dublin-based Davies, a plumbing, drainage and heating products business, and Garvey’s Builders Merchants.

Grafton did not disclose the price of either takeover, but it will mean a multi-million payday for the owners of both companies.