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.

Eric Born, the chief executive at Grafton Group, said the company would look to do deals in Europe over the coming years. Picture: Fergal Phillips

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 ...