Headlam Group plc Acquires Flooring Accessories Limited
Headlam Group plc ("Headlam"), Europe's leading floorcoverings distributor, announces that on Friday 31 August, it acquired Flooring Accessories Limited.
Flooring Accessories based in Cardiff, is a distributor of residential and commercial floorcovering, principally in south Wales.
Revenue for the year ended 31 July 2012 was £2,180,000.
Total consideration payable on completion is £576,400, with a further £50,000 payable following the production of completion 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.