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Mar 19 2026, 08:23 GMT
Grafton Group
Expands Iberian presence with attractive Mercaluz acquisition
- Sectors : Builders Merchants
- Companies : Grafton Group
DAVY VIEW
Grafton has followed up on the recent Cygnum acquisition with another deal. This time it is acquiring the Spanish-based Mercaluz for up to €175m at an attractive valuation of around 8x last year’s adjusted operating profit. Strategically, the deal ticks all the right boxes and extends Grafton’s presence in Iberia in a meaningful way.
