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.

Grafton Group has been identified as a possible buyer of ailing Tubs and Tiles owner BHT Group.

Grafton Group is targeting a further operating profit increase and “modest” turnover growth this year, but has warned that cost cutting measures could result in some job losses.

TOTAL remuneration outlay at building materials/ DIY group Grafton fell by €700,000 last year, according to the company’s latest annual report.

THE directors of building materials and DIY group Grafton received a 27% pay hike last year.