Completion of Acquisition of Mercaluz
Summary by AI BETAClose X
Completion of Acquisition of Mercaluz
1 May 2026
Grafton Group plc ("Grafton" or "the Group"), is pleased to announce that, further to its announcement on 19 March 2026, it completed the acquisition of Componentes Eléctricos Mercaluz, S.A., Mercaluz Hogar, S.L.U., EAS Electric Smart Technology, S.L.U. and Mercaluz Canarias, S.L.U. (together "Mercaluz") on 30 April 2026.
Mercaluz is a family-founded Spanish group that is predominantly a distributor of domestic and commercial air conditioning equipment and some white goods and home appliances to professional SME installers, with c.10,500 customers in 2025.
This acquisition reinforces Grafton's position in the fast-growing Iberian HVAC market and and is a further step in the Group's ambition to build a significant business distributing construction related products and solutions in Iberia, following the acquisition of Salvador Escoda in October 2024.
Commenting on the acquisition, Eric Born, CEO of Grafton Group plc said today:
"We are very pleased to have completed the acquisition of Mercaluz. We look forward to working with the management team and colleagues to support the development and ongoing organic expansion of the Mercaluz brand in the fragmented Iberian marketplace".
Ends
For further information please contact:
|
Investors |
Media |
||
|
|
|
|
|
|
Grafton Group plc |
+353 1 216 0600
|
Murray |
|
|
Eric Born |
Chief Executive Officer |
Pat Walsh |
+353 1 498 0300/+353 87 226 9345 |
|
David Arnold |
Chief Financial Officer |
|
|
|
|
|
Burson Buchanan Helen Tarbet Simon Compton Toto Berger |
GraftonGroup@buchanancomms.co.uk
+44 (0) 7872 604 453 +44 (0) 7979 497 324 +44 (0) 7880 680 403 |
|
|
|
|
|
About Grafton
Grafton Group plc is a European multinational distributor of construction related products and solutions comprising four geographic segments serving the Island of Ireland, Great Britain, Northern Europe and Iberia. In our Irish home market, we also operate the leading home improvement retailer.
Trading from c. 470 branches with c.10,000 colleagues, the Group's portfolio of market leading, trusted brands includes:
|
· |
Island of Ireland: Chadwicks Group, Woodie's and MacBlair |
|
· |
Great Britain: Selco, Leyland SDM, T.G. Lynes, CPI EuroMix and StairBox |
|
· |
Northern Europe: Isero / Polvo (Netherlands) and IKH (Finland) |
|
· |
Iberia: Salvador Escoda and now Mercaluz |
For further information visit www.graftonplc.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 13 minutes ago M&G
- 32 minutes ago ASOS
- 45 minutes ago Robert Walters
- 1 hour ago Reabold Resources
- 2 hours ago XP Power Ltd. (DI)