Grafton to buy Dutch firm for €91.5 million
Grafton to buy Dutch business Isero for €91.5 million
Grafton Group has agreed to buy Isero, a tools and fixings business in the Netherlands, for €91.5 million.
Isero, which trades from 38 branches, is being acquired from H2 Equity Partners. It generated earnings of €10 million on revenue of €94 million in the year to June 30.
"The acquisition of Isero will give Grafton a presence in the Netherlands for the first time and strengthen its branch footprint in the mainland European ...