Grafton Group plans to acquire HSS Hire Ireland for €31.6 million to expand its services.
Grafton Group, a building materials distributor, plans to buy HSS Hire Ireland, a tool and equipment rental company, for €31.6 million. The deal, pending approval from Ireland's Competition and Consumer Protection Commission, aims to boost Grafton’s earnings and expand services under its Chadwicks brand, allowing it to offer a wide range of national hire services. HSS Hire Ireland had a revenue of €31.9 million and an EBITA of €3.9 million in the last fiscal year.
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