Companies
Grafton Group eyes £750m M&A spend over the coming years
The building materials and merchant company that owns Chadwick’s and Woodies reported revenue of £1.19 billion in the first six months of this year.
Grafton Group could spend over £750 million on mergers and acquisitions in the medium-term, according to the company’s chief executive Eric Born.
The company has a heavy focus on M&A, according to Born, who was appointed chief executive of the building materials and DIY company last November.
“We have a good three quarters of a billion in firepower, but of course we also generate cash every year. Our challenge is more finding the right value ...