Grafton expands Belgium operation

Grafton Group has extended its mainland European presence by acquiring Gedimat-Ginion, a single- branch general merchanting business in Belgium.

While Grafton has not disclosed how much it paid for the company, the Brussels-based business generated revenues of €4.1m in the 12 months to the end of June.

Grafton said the deal expands and complements its presence in the Brussels market. Last year, the company announced the purchase of the Binje Ackermans merchanting business, which trades as MPRO, from French multinational, Saint-Gobain, for €20.5m in cash.