Grafton consolidating Iberian HVAC distribution market

Grafton's Mercaluz deal is framed as a step in consolidating and growing its Iberian distribution presence, following its October 2024 acquisition of HVACR distributor Salvador Escoda, targeting combined annualised sales of ~€400m.

“Grafton’s acquisition of Mercaluz is seen as a step forward in the company’s efforts to consolidate and grow its presence in the Iberian distribution market following the acquisition of HVACR distributor Salvador Escoda in October 2024.”

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