Isero

Isero was acquired by Grafton in November 2015. Since then, Isero acquired Gunters en Meuser, the market leader in the Greater Amsterdam Area, and also completed a number of other acquisitions. Isero is the market leader in the tools, ironmongery and fixings market in the Netherlands and currently trades from 62 branches. In 2018, the Dutch business contributed revenue of £155.5 million and operating profit of £16.0 million, an operating profit margin of 10.3 per cent. It represented 5.3 per cent and 8.2 per cent of revenue and adjusted operating profit respectively of Grafton Group plc.