Cairngorm Capital-backed Grant & Stone, a provider of building, plumbing and electrical products, completed the acquisition of CRS Building Supplies, a supplier of a broad range of heavy side building materials. Financial terms were not disclosed. “CRS is highly successful builders merchant with a great independent culture and strong local brand. It has demonstrated impressive performance and a consistently successful branch opening strategy from its very outset, which pairs well with Grant & Stone. This is a significant step in Grant & Stone’s growth strategy. Our experienced leadership team has the talent and appetite to lead a much enlarged company. We are delighted to help Grant & Stone pursue its strategic ambitions," Alex Bayliss, Cairngorm Managing Director.