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Headlam buys up Welsh brand Flooring Accessories
03-09-2012 09:42
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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.
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
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.
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
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