Grafton looks at further European expansion

Builders suppliers Grafton Group is planning to expand its presence in Europe.

Speaking yesterday on the back of a strong set of annual results which boosted the group’s shares by nearly 9%, chief executive officer Gavin Slark said that Grafton has a reasonably healthy pipeline of potential acquisitions and significant financial headroom for such activity.

He said that the group could comfortably spend €200m on acquisitions if it so wished but will be looking for “good businesses in good markets with good management at the right price”.