Irish buyer group merger
Published: 11 September, 2009
DUBLIN: Associated Hardware and National Hardware, builders' merchants and DIY groups, are to merge their buying functions.
The joint buying company, called United Hardware, will increase buying power with the two companies collectively paying suppliers €300m each year.
here are no plans to develop the strategic partnership beyond the area of purchasing.
Conor Whelan, chairman of Associated Hardware said: "We intend to harness the respective strengths of both companies through United Hardware whilst retaining the identity of the Arro and Homevalue brands."
Willie Telford, chairman of National Hardware, said: "This is a very positive development in the troubled construction sector." About 2,000 people are employed between both groups and their members."
Associated Hardware operates the Homevalue brand, while National Hardware is behind the Arro brand. Both are member-owned and represent 150 businesses throughout the country.
The builders merchants and home improvement market in Ireland is worth an estimated €3.5bn. Major players in the market include Ireland's Grafton Group, which owns Heitons, Woodie's and Atlantic Homecare, and the UK's Wolseley and B&Q.