Grafton Group plc ("Grafton"), the building materials distributor and DIY retailer, has announced that it has agreed to acquire Proline Architectural Hardware ("Proline"), a leading distributor of architectural ironmongery products for doors from a single location in Dublin. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland.
Proline reported revenue of €10.8 million (£9.8 million) in 2019.
Proline specialises in the supply of a wide range of high quality traditional and contemporary architectural ironmongery products, in a variety of designs and finishes, including door locks, hinges and handles.
Proline's wide product range and expertise allows joinery manufacturers, contractors and trade customers to source ironmongery products from a single source. The business works closely with architects on the specification and scheduling of ironmongery products for commercial, public sector and residential projects and continually develops its product ranges to ensure its customers benefit from the very latest solutions.
Commenting on the acquisition Gavin Slark, Chief Executive Officer of Grafton said: "Proline will bring specialist expertise to Grafton in the architectural ironmongery distribution segment in Ireland. It will also enable us to offer a broader range of products and services and to extend our customer base in this segment of the market. The acquisition of Proline is in line with our strategy of acquiring specialist high quality businesses that trade in complementary markets."
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