Grafton Group completes acquisition of Finland's IKH
Building materials distributor and DIY retailer Grafton Group announced on Friday that it has completed the acquisition of Isojoen Konehalli and Jokapaikka (IKH).
The FTSE 250 company said IKH is one of the largest workwear, personal protective equipment (PPE), tools, spare parts and accessories technical wholesalers and distributors in Finland.
“We are delighted to announce completion of the IKH acquisition, a business that has an over 50-year heritage in the Finnish market,” said chief executive officer Gavin Slark.
“We believe that IKH is a very good strategic and cultural fit for Grafton and we welcome our new colleagues in Finland to the group.”
At 0855 BST, shares in Grafton Group were up 1.23% at 1,230p.