Grafton to plug €280m pension deficit

Building materials and DIY group Grafton said it is willing to make “a very significant contribution” in order to lower its near €280m pension deficit.

Yesterday, the Dublin- headquartered group published a healthy set of annual results for 2012.

However, the figures also detailed how the group’s pension deficit increased by €54.9m — from €224.6m to €279.5m — over the course of the year.