Grafton Group plc has released a statement announcing that it is to undertake a strategic review into a number of its UK merchanting brands, and how they may fit with the wider Group’s plans into the future.
Its statement said:
“In line with its strategic focus, the Board of Grafton Group plc today announces that it has appointed Rothschild & Co to undertake a review of certain of its traditional merchanting businesses in Great Britain which may or may not result in the sale of some or all of these businesses.
This strategic review is focused solely on the Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group and NDI businesses. No other businesses in the Group form part of the strategic review.”
The Group’s AGM is set to take place on 28 April.