We’re pleased to announce that StairBox are now part of Grafton Group plc, an international distributor of building materials to trade customers.
These are exciting times for StairBox and our team, customers and supply chain will benefit from being part of the Group.
The official press release can be found below.
StairBox – a leading manufacturer and distributor of bespoke wooden staircases – has been acquired by Grafton Group plc, the listed building materials distributor and DIY retailer.
Founded in 1994, StairBox, has experienced significant growth in recent years. Its success has been driven by the heritage of quality workmanship and future-focused investment including the development of pioneering software to enable customers to easily and accurately design, visualise and price staircases online.
The strength of StairBox’s operational expertise, team and a culture dedicated to continuous improvement was key to the deal. As such, StairBox CEO, Alex Hancock, will continue to lead the business and all employees will remain in their roles, ensuring business continuity and stability.
Commenting on the announcement, Hancock said: "These are exciting times for the whole team at StairBox, we have seen impressive growth over the last few years by investing in our business and providing the highest quality service and products to customers. There are so many benefits of linking up with Grafton, both in our operations, and also in our aspirations for the team and the future".
"Grafton has a strong track record of investment in the Group and supporting management autonomy to achieve the best results. Our team, customers and supply chain will benefit from being part of the Group which shares our strong values."
The deal could unlock international expansion for Stairbox, as Grafton Group plc’s footprint extends to Ireland and the Netherlands.
Commenting on the acquisition, Gavin Slark, Chief Executive Officer of Grafton, said today: "StairBox is a dynamic manufacturing business with a best-in-class online solution at its core. It has an efficient production process, nationwide distribution and strong growth potential. The acquisition is in line with our strategy of acquiring specialist high quality businesses and we are delighted with this acquisition and the skills and experience that the management team will bring to the Group, under the leadership of Alex Hancock."
The Midlands team of BDO LLP advised StairBox on the deal. The business was advised by Roger Buckley, Matthew Goodliffe and John Stephan in the M&A team.
BDO M&A partner, Roger Buckley, added: "As part of the Grafton Group, the size and scale of the opportunities for StairBox are significant. This deal is a real success story for Staffordshire, with a Midlands based growth story attracting such a strategic investor. We look forward to seeing the team go onto even greater success in this next chapter."
Grafton Group plc is an international distributor of building materials to trade customers and has leading regional or national positions in the merchanting markets in the UK, Ireland and the Netherlands. Grafton is also the market leader in the DIY retailing market in Ireland and is the largest manufacturer of dry mortar in the UK.
Grafton trades from circa 550 branches and has circa 11,200 colleagues. Its portfolio of brands includes Selco, Buildbase, Leyland SDM, MacBlair, CPI EuroMix and now StairBox in the UK; Chadwicks and Woodie’s in Ireland and Isero and Polvo in the Netherlands.
For further information visit www.graftonplc.com