Ireland's National Public Service Media

Meáin Náisiúnta Seirbhíse Poiblí na hÉireann

Builders merchanting and DIY group Grafton Group has agreed a deal to buy Sitetech Building Products, which distributes specialist construction accessories in Ireland.

Sitetech trades from two locations in Dublin and Cork and reported revenues of €16.9m in 2020.

It distributes accessories for brickwork, concrete and formwork and construction chemicals.

These products are mainly used in the early stage construction of multi-unit buildings including offices, apartments, hotels, warehouses and commercial buildings and also in public sector and residential development projects.

Gavin Slark, chief executive of Grafton, said that Sitetech will bring expertise to Grafton in the distribution of specialist construction accessories for large scale construction projects in Ireland.

"This acquisition is in line with our strategy of acquiring specialist high quality businesses in complementary markets and follows the successful acquisition earlier this year of Proline Architectural Hardware, a leading distributor of architectural ironmongery products based in Dublin," Mr Slark said.

Completion of today's deal is subject to approval by the Competition and Consumer Protection Commission.

© RTÉ 2021. RTÉ.ie is the website of Raidió Teilifís Éireann, Ireland's National Public Service Media. RTÉ is not responsible for the content of external internet sites.