LONDON (ShareCast) - Floor covering distributor Headlam Group has bought the business and certain assets of Roger Fell Ltd, trading as Fell's Carpets, for 1.45m pounds.
Yorkshire-based Fell's Carpets distributes household floor coverings to independent floorcovering retailers throughout northern England.
Revenue for the year ended April 30th 2013 was about £6.7m. A further £55,000 will be paid following verification of the fair value of assets acquired.
Headlam plans to transfer Fell's sales, marketing and logistics activities to its existing site in Leeds, whilst preserving the autonomy and identity of the Fell business.
PW
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