Headlam, a Europe wide floor coverings distributor, has bought up Welsh outfit Flooring Accessories.
Flooring Accessories, based in Cardiff, is a distributor of residential and commercial floor covering, principally in south Wales.
Revenue for the year ended July 31st was £2,180,000.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Headlam will pay £576,400 up front, with a further £50,000 payable following the production of accounts to verify minimum net assets of £540,000.
Flooring Accessories will continue to trade from its location in Cardiff and be supported by the group's distribution network.
BS
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
