Woodies-owner Grafton Group acquires Spanish firm in a deal worth €132m

Spanish air conditioning and heating products distributor Salvador Escoda last year reported revenue of €231.8m and an adjusted operating profit of €16.5m

Revenue at Woodies was up 5.8% during the most recent quarter, 'helped by strong promotional activity', growth in the number of transactions, and more favourable weather conditions. File picture: Eddie O'Hare
 

Woodies and Chadwicks-owner Grafton Group has announced the acquisition of Spanish air conditioning and heating products distributor Salvador Escoda in a deal worth €132m.

Founded in 1974, and headquartered in Barcelona, Salvador Escoda distributes air conditioning, ventilation, heating, water and renewable products serving professional installers across the residential, commercial and industrial sectors.