Grafton completes Belgian acquisition

Builders merchanting and DIY retailer Grafton Group has completed the acquisition of Belgian retailer Binje Ackermans.

Builders merchanting and DIY retailer Grafton Group has completed the acquisition of Belgian retailer Binje Ackermans.

Grafton received approval from the Belgium Competition Authority, to buy the six branch builders merchanting business from Saint Gobain, for €20.5 million.

Binje Ackermans is based in Brussels and trades under the MPRO brand and made a loss of €2.2 million on revenues of €50 million last year.

However, part of the loss related to a restructuring ...