The company was established by William Chadwick as Chadwicks (Dublin) Ltd in 1902.
due by 01 Aug 2003. "Notwithstanding current macro-economic risks, our portfolio of resilient high performing businesses has the flexibility to adapt to changing circumstances and is well positioned to outperform," he added. The Distribution segment trades principally under the following brands: Selco and Leyland SDM in the South East, Midlands and North of England; Isero, Polvo and Gunters en Meuser in the Netherlands. Still, sales across the group's Irish distribution business, mainly operating under the Chadwicks brand, were down almost 13 per cent so far in 2021, a trend that group chief executive, Gavin Slark, said would be continuing in the near term. The group said there was a "significant normalisation" of revenue in the Woodie's DIY, Home and Garden business here - particularly in the four months to the end of April following the gains made in the previous year when Woodies traded as an essential retailer while Ireland was in lockdown. [3] It was the subject of an initial public offering in 1965 and building materials company Marley subsequently took a 51% stake.
Grafton Group, the builders merchants and DIY retailer, is to undertake a review of some of its merchanting businesses in Britain which may or may not result in the sale of some or all of these businesses. Get the latest business news and commentary from our expert business team in your inbox every weekday morning, Each Irish household must make climate change a personal battle, says Mary Robinson, Man and woman killed in Co Down light aircraft crash named, Teenager Joshua Hill tops South qualifiers after scintillating 62 at Lahinch, Steve Bannons legal team call no witnesses in contempt trial. [3] Michael Chadwick bought out Marley and renamed the business Grafton Group in 1987. [6] In December 2006, it then bought Plumbworld, one of the United Kingdoms largest online bathroom retailers. 
31 December 2021, Next statement date 20 April 2023 8 October 2021: The CMA announced the launch of its merger inquiry by notice to the parties. "Grafton is in a very strong financial position and, with a pipeline of acquisition opportunities, the Group is well positioned to make continued progress on the delivery of its strategy.". According to Grafton Group, the strong demand was driven by increased spending on materials used in a wide range of housing RMI projects, an acceleration in the construction of scheme and one-off houses and an increase in non-residential private and public sector construction. 14 January 2022: The CMA has accepted undertakings in lieu of reference for the anticipated acquisition ofcertain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. Please send written representations about any competition or public interest to: Final undertakings in lieu of reference published. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. We use some essential cookies to make our services work. Reference unless undertakings accepted published. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. 13 Jun 2022, 01 Aug 2003 - THE RETAIL BULLETIN - The home of retail news, Grafton Group report record performance and transformational, Authentic Brands Group completes acquisition of Brooks, The Hut Group completes acquisition of Dermstore, Authentic Brands Group completes purchase of Reebok, Shopping Centres, High Streets & Retail Parks, Digital Transformation Strategy 2022 Part 2. You've accepted analytics cookies.
These comments should be provided by the deadline set out above. It said the strategic review is focused solely on the Buildbase, Civils & Lintels, PDM Buildbase, the Timber Group, Bathroom Distribution Group and NDI businesses. 17 December 2021: The CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the anticipated acquisition ofcertain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. Today, the company said the process to appoint a new Group Chief Executive Officer has commenced with the support of an executive search firm. The CMA has until 10 February 2022 todecide whether to accept the undertakings, with the possibility to extend this timeframe to 7 April 2022. However, it said revenue for the half year was ahead of the pre-pandemic level in 2019 by over 25%. Undertakings in lieu of reference consultation announced and decision that undertakings might be accepted published. Well send you a link to a feedback form. Check benefits and financial support you can get, Undertakings in lieu of reference accepted, Undertakings in lieu of reference consultation: closes 23 December 2021, Invitation to comment closes: 25 October 2021, Decision that undertakings might be accepted. The CMA is investigating the anticipated acquisition of certain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. "The Group's overall trading performance was good against a very strong comparator in the first half of last year and our operating profit expectations for the full year are unchanged," said Gavin Slark, Chief Executive Officer of Grafton Group. [15], In January 2022 the company announced the completion of the sale of its merchanting business in the UK to Huws Gray for 520m. Gavin Slark is chief executive of the Grafton Group. In most merger cases, the CMA needs to carry out a longer Phase 1 investigation to determine whether it should clear a merger or refer it to a Phase 2 investigation. We use cookies to make our services work and collect analytics information. Make sure you are on top of changes in the industry, and sign up for free to receive our weekly email newsletter, Top 100 Merchant Influencers souvenir brochure, Builders' Merchants Awards 2022 launch brochure, an agreement with Huws Grayon 1 July 2021, Hevey Building Supplies to buy Buildbase branch from Huws Gray, Lords Builders Merchants acquire Nu-Line Builders Merchants' site. Images Courtesy of Getty Images. This merger will, however, be referred for a Phase 2 investigation unless the merging parties offer acceptable undertakings to address these competition concerns. Huws Gray is the UKs largest independent builders merchant, supplying building materials to trade and DIY customers from over 320 locations across Wales, England and Scotland. Businesses sold include Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group, Frontline and NDI Brands. 29 November 2021: The CMA has decided, on the information currently available to it, that it is or may be the case, that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. Next accounts made up to 31 December 2022 RT is not responsible for the content of external internet sites. Group revenue increased by 12.1% to 1.15 billion in the half year from 1.03 billion in first half of 2021, excluding the traditional merchanting business in Great Britain that was divested on 31 December 2021. [3], In March 1998, it bought British Dredging, a United Kingdom builders merchants. [17] It also has a number of businesses that trade exclusively online. 2022 Building Supplies Distribution Limited. Grafton Group plc is a builders merchants business based in the United Kingdom and Ireland. 31 March 2022: The sale of Buildbase Sudbury subject to the UILs to Lords Builders Merchants was approved by the CMA and completed on 31 March 2022. You can change your cookie settings at any time. To assist it with this assessment, the CMA invites comments on the transaction from any interested party. In a trading update, the group said their distribution businesses in Ireland and the Netherlands performed strongly, while the UK distribution business was more subdued. Dont include personal or financial information like your National Insurance number or credit card details. [2] It subsequently became Concrete Products of Ireland. Due to its scope the salewas subject to regulatory approval by the Competition and Markets Authority, which launched an inquiry in the matter on 8 October. In early December,Patagonia Bidco Ltd, owner of Huws Gray, with the aim to mitigate the perceived loss in competition in Sudbury, proposed a series of undertakings centred on the sale of theSudbury branch ofBuildbase, "as soon asreasonably practicable". due by 4 May 2023, for BUILDING SUPPLIES DISTRIBUTION LIMITED (04725313), 46130 - Agents involved in the sale of timber and building materials, Companies House does not verify the accuracy of the information filed, 02 Sep 2008 -
30 September 2023, Last accounts made up to [18], "Plumbline duo cash in as Grafton enters Scotland", Plumbworld appoint new deputy Managing Director, "Thompsons merchants acquired for 3.8m by Grafton group", "Grafton Group acquires Binje Ackermans for 20.5m", "Campaign unveiled to launch new kitchen, bedroom and bathroom brand Bohen", "Grafton Group Buys Kent-Based Direct Builders - Morningstar", "Ruislip-based builders' merchants bought out by multi-billion pound firm", "Grafton Group acquires London timber firm T Brewer", "Grafton Group acquires Allsand Supplies", "Grafton Group completes sale of traditional merchanting business in Britain", Henderson Smaller Companies Investment Trust, JPMorgan Emerging Markets Investment Trust, Sequoia Economic Infrastructure Income Fund, Templeton Emerging Markets Investment Trust, https://en.wikipedia.org/w/index.php?title=Grafton_Group&oldid=1076271642, Companies formerly listed on Euronext Dublin, Business services companies established in 1902, Companies listed on the London Stock Exchange, All Wikipedia articles written in Hiberno-English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 10 March 2022, at 07:20. In line with the CMAs guidance, however, merging companies can ask the CMA to fast-track the case to Phase 1 remedies discussions where it is clear from an early stage that there are competition concerns that can be addressed by clear-cut remedies. The CMA has arrived at this decision under its fast-track procedure at the request of the merging parties who accepted that the merger gives rise to a realistic prospect of a substantial lessening of competition in one local area where both merging parties supply building materials through general builders merchants. 9 December 2021: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition of certain businesses owned by Grafton Group Plc by Patagonia Bidco Limited, the owner of the Huws Gray builders merchant business. We use some essential cookies to make this website work.
It will take only 2 minutes to fill in. [7], In August 2013, it bought Wearside builders' merchant Thompsons,[8] in October 2013, it bought Binje Ackermans, a Brussels based merchanting operation,[9] and in December 2013, Grafton Group opened ten showrooms, and launched a brand new website called Bohen, which focuses on the bathroom, kitchen and bedroom industry.
To help us improve GOV.UK, wed like to know more about your visit today. This brings the merger investigation to a close. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. As has become a hallmark of Graftons results, cash generation is stellar with net cash (pre-leases) of 182 million well ahead of our 130 million forecast, Mr OBrien said. Choose section Our Business Overview - Our BusinessBusiness Model and StrategyKey Financial DataInvestment CaseBoard of DirectorsCorporate GovernanceHistory Our Mission Overview - Our MissionOur Purpose and ValuesSustainability Overview - Sustainability Customer and ProductPeopleResourcesCommunityEthics Our Brands Overview - Our BrandsDistribution Overview - Distribution ChadwicksCork Builders ProvidersDaviesDoorwaysGunters en MeuserIKHIseroLeyland SDMMacBlairPolvoSelco Builders WarehouseTelfordsTGLynesThe Panelling CentreWatershedRetailing Overview - Retailing Woodie'sManufacturing Overview - Manufacturing CPI EuromixStairBox MFP Investors Overview - InvestorsShare Price Centre Overview - Share Price Centre Investment calculatorShare seriesHistorical share priceReports, Results and PresentationsRegulatory News Overview - Regulatory News Subscribe for news alertsFinancial Calendar DividendsShareholder services Overview - Shareholder services Manage your shareholdingShareholder MeetingsShareholder FAQsCorporate Information Careers News Contact us. 02 Sep 2008, 07 Apr 2003 - The businesses included in the deal,which comprise approximately 200 merchant branches and 3,500 people,are Grafton Merchanting GB Ltd (Buildbase), BathroomDistribution Group UK Ltd (Smiths Briten), Frontline Bathrooms, The Timber Group, HarveySteel Lintels, and Crescent Building Supplies (Ruislip) Ltd. Selco Builders Warehouse, as well as a number of UK-based specialist distribution and manufacturing brands, will remain within the Group. RT.ie is the website of Raidi Teilifs ireann, Ireland's National Public Service Media. Earlier this month, Grafton Group announced that Gavin Slark is to step down as chief executive later this year after 11 years in the job. As of 30 June 2022, it said the group had completed 43.8 million of the buyback programme. You need to be logged in to use this feature. Decision to consider undertakings offered announced. 11 October 2021: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
The group, which owns Woodies, said on Friday it had appointed Rothschild & Co to carry out the process. Up to 30th June 2022, the trading brands of Grafton Merchanting GB Limited (GMGB) included Huws Gray Buildbase, Hirebase, Electricbase, PDM Buildbase Scotland, Civils & Lintels, PDM, Lloyd Worrall and NDI. It said revenue normalised in the retailing business here as the gains during the Covid-19 lockdown reversed as expected. On 29 November, the CMA ruled thatthe merger may be expected to result in a substantial lessening of competition in one local area (Sudbury), where both merging parties supply building materials through general builders merchants. [5] In June 2004, it bought Heiton Group, Irelands largest independent plumbers merchants. Following the completion of the acquisition of Grafton Merchanting GB by the wider Huws Gray group on 31st December 2021, the trading, assets, liabilities and brands of GMGB were hived across to Huws Gray Limited on 1st July 2022. Reference unless undertakings accepted full text decision published. Mein Nisinta Seirbhse Poibl na hireann. Building materials distributor Grafton Group has confirmed that it has completed the divestment of its traditional merchanting business in the UK. You've rejected analytics cookies. Update: The CMA acceptedPatagonia Bidco Ltd's undertakings on 14 January 2022. We also use cookies set by other sites to help us deliver content from their services. Founded in 1990 from a single branch in Gaerwen, Anglesey, Huws Gray has rapidly expanded over the past 30+ years through organic growth and acquisitions. RT 2022. [16], The company owns the Buildbase, Woodie's DIY, Civils and Lintels, Selco and Jacksons brands. Grafton Group has announced that the divestment of its Traditional Merchanting Business in Great Britain was completed on 31 December 2021. In February, the group reported that sales in its Woodies stores in the Republic were up 41 per cent so far this year, with consumers limited in where they could spend their money while non-essential retail stores remain in lockdown due to the Covid-19 pandemic. No other businesses in the group form part of the strategic review, it said. [4] In February 2003, it bought Jackson Building Centres, another British builders merchants, based in Lincolnshire. Speaking at the time, Goodbody Stockbrokers analyst David OBrien said the groups operating profit figure was 5 per cent ahead of his estimate, driven by the Irish business and UK merchanting. It added that the overall performance of Chadwicks' distribution business in Ireland was "exceptionally strong" in a market that experienced a return to more normal trading conditions and significant building materials price inflation particularly for steel and timber products. [3], In October 2003, it also bought Plumbline, Scotland's largest independent plumbers merchants. Get regulatory news alerts directly to your inbox.
News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. The Group first announced that it had entered into an agreement with Huws Grayon 1 July 2021. 8 December 2021: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Patagonia Bidco Limited, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002.
In May, Grafton Group commenced a buyback programme of up to 100 million to be completed by the end of the year.
You can change your cookie settings at any time. [10], Then in September 2014, it bought Direct Builders Merchants, a general merchanting business based in Kent[11] and in December 2014, it bought Crescent Building Supplies, a builders' merchant based in Ruislip. [12] In March 2015, it bought TG Lynes, a distributor of mechanical engineering products,[13] in January 2016, it bought T Brewer, a timber distributor based in London,[14] and in March 2016, it bought Allsand Supplies, a general builders' merchant located in Kent. Huws Gray is one of the UKs largest independent builders merchants, trades from over 100 locations across the UK and is controlled by equity funds managed by Blackstone. Grafton Group owns the Woodies DIY chain and builders merchants Chadwicks here. The businesses included in the deal,which comprise approximately 200 merchant branches and 3,500 people,are Grafton Merchanting GB Ltd (Buildbase), BathroomDistribution Group UK Ltd (Smiths Briten), Frontline Bathrooms, The Timber Group, HarveySteel Lintels, and Crescent Building Supplies (Ruislip) Ltd. Selco Builders Warehouse, as well as a number of UK-based specialist distribution and manufacturing brands, will remain within the Group. You can change your cookie settings at any time. Builders merchanting and DIY group Grafton Group has said revenue in the first half of the year increased by 13.9% on a constant currency basis. Dont worry we wont send you spam or share your email address with anyone. The deal, which is worth 520 million,is considered to be the biggest of its kind in the industry to date. As previously announced Mr Slark will continue in his roles as CEO and Board Director until 31 December 2022. The group announced the sale of the business to builder merchant Huws Gray in July for an enterprise value of 520 million. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index. Grafton Group traces its roots back to 1909 when William Thomas Chadwick set up Chadwicks in Dublin to supply builders merchants and building contractors with Irish and imported cement and plaster.