Builders merchants continue to expand

BUILDERS merchants and DIY group Heiton yesterday reiterated to shareholders that the company had a bright future as an independent entity, a day after the stock exchange turned up the heat on rival Grafton’s takeover plans.

Builders merchants continue to expand

Writing in Heiton’s annual report, chief executive Leo Martin told shareholders that the company had plans of its own to acquire other businesses in Ireland, Britain and continental Europe.

Mr Martin said Heiton, whose brands include Heiton Buckley, Atlantic Homecare and Cork Builders Providers, continued to develop a pipeline of potential acquisitions and identify greenfield sites for new stores. It would also examine opportunities in other countries that joined the EU in May, he said.

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