Grafton Group PLC (ISE:GFTU) announced the acquisition of Sitetech Building Products, a Irish distributor of specialist construction accessories based in Dublin and Cork.
Sitetech reported revenue of €16.9mln (£15mln) in 2020, Grafton said in a statement.
"Sitetech will bring expertise to Grafton in the distribution of specialist construction accessories for large scale construction projects in Ireland. It will also enable us to offer a broader range of products and services in a new market segment,” said Grafton chief executive Gavin Slark.
“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."
The acquisition price was not disclosed.