Grafton Group builds up its Dutch presence

Grafton Group is expected to keep expanding its presence in the Netherlands after announcing a deal which will significantly boost its market share in the country.

The Dublin-headquartered builders merchanting business yesterday announced it has reached agreement to purchase Gunters en Meuser (G&M); the largest tool and fixings distributor in the Amsterdam market, for an undisclosed sum.

Grafton entered the Dutch market with the €91.5m purchase of tool distributor Isero last year, which marked its biggest acquisition in continental Europe.