The group announced the sale of the business to builder merchant Huws Gray in July for an enterprise value of £520 million.
Grafton, which owns Woodies DIY and Chadwicks here, confirmed the deal following a strategic review of the business which commenced in April. In the year to December 2020, it reported revenue of £828.2 million and adjusted operating profit of £18.8 million.
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Grafton closes sale of traditional merchanting business in BritainGrafton closes sale of traditional merchanting business in Britain via IrishTimesBiz
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