Grafton Expands with Salvador Escoda Acquisition in Spain

Grafton (GB:GFTU) has released an update.

Grafton Group PLC has announced its acquisition of Salvador Escoda, a leading Spanish distributor of air conditioning and ventilation products, for up to €132 million. This move aligns with Grafton’s strategy to expand in fragmented markets with growth potential, as Spain’s construction market continues to rise. The acquisition is expected to enhance earnings and support Salvador Escoda’s brand and growth initiatives.

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