Grafton Group announces the acquisition of Salvador Escoda, S.A., one of Spain’s leading distributors of air conditioning, ventilation and air conditioning (HVAC) products. The acquisition fits firmly with our stated ambition of expanding into new geographies and adjacent product sets in markets which possess strong and unique propositions with the opportunity to drive further growth. Spain is forecast to be one of the fastest growing economies in Western Europe over the coming years with HVAC identified as one of the fastest growing market segments. We welcome our 750 new colleagues at Salvador Escoda to the Grafton Group and look forward to supporting them in the further growth and development of their successful business. https://lnkd.in/e5cXsdC4
Grafton Group plc
Building Materials
Sandyford, County Dublin 14,910 followers
Building Progress Together
About us
Grafton Group plc is an international distributor of building materials to trade customers and has leading regional or national positions in the distribution markets in the UK, Ireland, the Netherlands, Spain and Finland. Grafton is also the market leader in the DIY, Home and Garden retailing market in Ireland and is the largest manufacturer of dry mortar and bespoke timber staircases in the UK. Grafton trades from circa 470 branches and has circa 9,750 colleagues. The Group's portfolio of brands includes Selco Builders Warehouse, Leyland SDM, MacBlair, TG Lynes, EuroMix and StairBox in the UK; Chadwicks and Woodie's in Ireland; Isero and Polvo in the Netherlands; Salvador Escoda S.A. in Spain and IKH in Finland.
- Website
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http://www.graftonplc.com
External link for Grafton Group plc
- Industry
- Building Materials
- Company size
- 10,001+ employees
- Headquarters
- Sandyford, County Dublin
- Type
- Public Company
Locations
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Primary
Get directions
Carmanhall Road
The Hive, Sandyford Business Park
Sandyford, County Dublin D18, IE
Employees at Grafton Group plc
Updates
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Grafton Group is committed to reach net zero greenhouse gas emissions across the value chain by 2050 at the latest. We are pleased to have received validation by the Science Based Targets initiative (SBTi), for this and the associated near (by end 2030) and long-term targets (by end 2050), the detail of which can be found at https://lnkd.in/eBmrjQr7 Group Head of Sustainability for Grafton Group, Rosie Howells, said “We are acutely aware of the climate crisis and believe that as a responsible business, we must challenge ourselves to reduce emissions to minimise temperature rises. The targets that we have set are in line with a 1.5-degree trajectory and we are pleased that they have recently been validated by the SBTi. We don’t underestimate how tough these targets will be to achieve, but we will be working hard to reach them through renewable energy, alternative fuels, energy efficiency and extensive engagement with our suppliers.”
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Today, we have announced our Half Year Results for the six months ended 30 June 2024 – a robust performance achieved despite tough trading conditions, showcasing the benefits of our geographical diversification and market leading, customer value proposition. Group adjusted operating profit was £83.1million and we reported an operating profit margin of 7.3% and return on capital employed of 11.1%. Looking forwards, with consumer confidence gradually returning and moderate deflation for materials improving the affordability outlook for building & RMI, the Group continues to focus on organic growth and strengthening its market positions. We are actively pursuing acquisition opportunities and are confident of growing and delivering significant shareholder returns. Our sincere thanks to all of our wonderful colleagues whose hard work and professional excellence made these results happen. https://lnkd.in/eEq9NkAz
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Grafton Group is pleased to announce Frank Elkins as the new CEO of Selco and GB Distribution. We look forward to welcoming him when he commences his role on 5th August 2024. Read more https://lnkd.in/eVGNJ7Wb
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Grafton Group plc believes that diversity is a strength that drives innovation. We are committed to tackling inequality by ensuring that barriers to opportunity are removed and that people from all backgrounds can enjoy equitable access to career opportunities. We are delighted to support the industry-wide Building Bridges Network initiative that aims to make the construction industry more diverse. #BuildingBridges #Inclusivity #Diversity https://lnkd.in/ecbSMYxx
We're proud to have been pivotal in launching the Building Bridges Network in Birmingham on 11 June, which brings together leading construction industry names to champion best practice for equality, equity, diversity and inclusion. Taylor Wimpey plc, SIG plc, Selco Builders Warehouse, MKM Building Supplies, Clarkson Evans Ltd, Leyland SDM, Marshalls plc, Grafton Group plc, and Crest Nicholson plc. CPI's Wendy McFarlane discussed our very own inclusivity network and how this has impacted our operations to bring in a wider talent pool during the recruitment process. We're excited to grow this new network and see how the construction industry responds. Read more about the Building Bridges Network here: https://lnkd.in/d5q6BmzQ #BuildingBridges #Inclusivity #Diversity
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This morning, we’ve announced our Full Year Results for the year ended 31 December 2023 – another resilient performance with adjusted operating profit above the top end of analysts’ forecasts at £205.5m, £228.3m returned to shareholders in dividend payments and share buybacks and a strong year end net cash position (ex leases) of £379.7m. Looking ahead to 2024, we have made good progress in further enhancing our M&A pipeline and are exceptionally well positioned to benefit as the cycle turns, markets normalise and consumer confidence improves. Read the full announcement here https://lnkd.in/gy7npqsE
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