Grafton Group to acquire HSS Hire Ireland from HSS Hire Group for €32m.

Grafton Group, an international building materials distributor and DIY retailer, agreed to acquire HSS Hire Ireland, a tool and equipment hire specialist, from its parent HSS Hire Group for €32m. "We are pleased to have agreed to acquire HSS Hire Ireland which is a well-respected tool and equipment hire business and brand with a strong and experienced management team. This transaction is in line with Grafton's strategy to strengthen our market positions in existing and adjacent markets and will broaden the offering of our Chadwicks business in the Republic of Ireland where we continue to see compelling opportunities for further growth," Eric Born, Grafton Group CEO.