Grafton Group plc | Agreement to acquire Cygnum Holdings Limited in Ireland

Acquisition complements Chadwicks’ trade portfolio and supports faster, more efficient delivery of new homes

Grafton Group plc (“Grafton” or “the Group“), the leading European multinational distributor of construction related products and solutions, is pleased to announce that it has entered into an agreement to acquire the entire issued share capital of Cygnum Holdings Limited (“Cygnum“) subject to approval by the Competition and Consumer Protection Commission (CCPC) in Ireland.

Founded in 1997 and based in Macroom, Co. Cork, Cygnum is a leading made-to-order supplier of offsite timber frame solutions to developers and contractors in the Irish market.

Cygnum’s unaudited 2025 revenue and adjusted operating profit were €45.6m and €7.9m respectively. The consideration is undisclosed but reflects a valuation in line with market precedents. The transaction is expected to be earnings-enhancing in its first full financial year following acquisition and to deliver an attractive return on invested capital.  The existing management team will remain with the business and are incentivised to grow profitability subject to certain performance conditions.

Please find the complete press release here:  https://www.graftonplc.com/media-centre/our-stories/2026/grafton-cygnum