AURELIUS completes acquisition of the Belgian building materials distributor YouBuild & MPRO from GRAFTON
Munich/ Amsterdam, October 7, 2019 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) completed the acquisition of the Belgian building materials distribution business from the Grafton Group Plc on the closing date of October 4, 2019. Together, MPRO and YouBuild, both headquartered in Brussels, form one of biggest building materials distribution chains in Belgium. With about 240 employees and 16 branches, the two companies generate revenues of around EUR 100 million.
Both MPRO and YouBuild are strong brands that are known as generalists with a wide range of high-quality building products and good service. The appreciation of their customers is particularly evident in positive customer reviews and strong customer loyalty. The outlets are strategically located in the attractive regions of West Flanders, Brussels, and Hennegau, and form a strong platform for further growth. This growth will be achieved particularly by means of increased customer proximity and the further expansion of services.
“We are looking forward to working with our new subsidiary MPRO & YouBuild. As a corporate carve-out, the acquired units will benefit from the active approach of AURELIUS. Together, we want to lead the company on a course of sustainable growth,“ said Dr. Dirk Markus, CEO of the AURELIUS Group. “We are examining attractive acquisition candidates both in Benelux and in our other offices.”