REG - Headlam Group PLC - Acquisition <Origin Href="QuoteRef">HEAD.L</Origin>

HeadlamAnnouncement

02/02/2015 10:51

RNS Number : 7555D
Headlam Group PLC
02 February 2015
2 February 2015
Headlam Group plc
Headlam Group plc ("Headlam"), Europe's leading floorcoverings distributor, announces that on Friday 30 January, it completed the acquisition of the business and certain assets of Matty's Wholesale Carpets (Matty's).
Matty's is a distributor of residential floorcovering to independent flooring retailers, principally in the Midlands.
Revenue for the calendar year 2014 was approximately 4.3 million.
Consideration at completion amounted to 1.882 million with a further 100,000 to be paid following verification of the fair value of net assets acquired of 1.232 million.
Following completion, the autonomous sales and marketing identity of Matty's will be preserved and logistics will be provided by the group's existing facility in Coleshill.
End
2 February 2015

This information is provided by RNS
The company news service from the London Stock Exchange
  END
ACQUGUWCPUPAGUP