Grafton Group completed the acquisition of IKH for €199m.

Grafton Group, a building materials distributor and DIY retailer with operations in the UK, Ireland and the Netherlands, completed the acquisition of IKH, one of the largest workwear and personal protective equipment, tools, spare parts and accessories technical wholesalers and distributors in Finland, for €199m. "The acquisition of IKH is an exciting development that gives Grafton a presence in Finland for the first time and broadens its market position. It will also strengthen the Group’s operations in the mainland European market in line with our international development strategy. IKH is a high-quality business with a strong market position and an experienced management team that provides Grafton with a new growth platform in the Nordic Region. We look forward to welcoming the IKH management team and their colleagues to Grafton," Gavin Slark, Grafton CEO.