Grafton Group completed the acquisition of Salvador Escoda from Escoda Sans for €132m.

Grafton Group, a building material company, completed the acquisition of Salvador Escoda, a company that provides electronic products and industrial hardware accessories, from Escoda Sans, a building material company, for €132m ($143m). "The purchase of Salvador Escoda is an excellent fit with Grafton's strategy of acquiring platform businesses in new markets which possess strong and unique propositions with the opportunity to drive further growth and scale. We see long term structural growth in the Spanish economy and in its fragmented distribution markets for building and construction products. Salvador Escoda's leading own brands in categories such as ventilation and air conditioning are an exciting new adjacent channel for Grafton. We look forward to working with the highly experienced and successful team to build on their rich heritage and accelerate what has been an impressive track record of growth," Eric Born, Grafton Group Chief Executive Officer.