Grafton buys rival recruiter for €5m in market shake-up

GRAFTON Recruitment has swooped to buy leading Dublin jobfinding agency Mary B Cremin in a deal estimated to be worth up to €5 million.

The takeover will add four offices to Grafton’s existing Irish network of 25 and brings its number of branches in Dublin to 10. The Belfast-headquartered company, which now has 59 offices in 15 countries, generated revenues of over €100m last year, while Mary B Cremin’s turnover in 2004 was €9m.

Grafton co-founder and chairman James Kilbane said the takeover added “a great brand” to Grafton’s portfolio. “It’s very tightly-run, very profitable and will be revenue-generating from day one,” he said.