Grafton Group

Irish acquisition

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 894p

  • RATING 07/10/20

  • PREVIOUS RATING 21/05/20

    NEUTRAL

DAVY VIEW

Grafton has announced the acquisition of Cygnum, an Irish offsite timber frame manufacturer. The business brings focused exposure to the need for a significant increase in housing in Ireland. No terms have been disclosed, but Cygnum should add around 3.5% or so to Grafton’s operating profit base over a full year.

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Mar 10 2026, 08:35 GMT

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