Headlam Group PLC
30 April 2007
To: Company Announcements Office
Primary Markets Division
The London Stock Exchange
Company announcements Tel 0207 797 4400
For immediate release
30 April 2007
Headlam Group plc
Headlam Group plc, Europe's leading floorcovering distributor, announces that on
27 April 2007 it acquired Florprotec Limited.
Florprotec is a leading supplier throughout the UK of floor protection products
for the construction industry and refurbishment projects.
Turnover for the year ending 31 July 2006 was £2,363,100 and profit before tax
£288,518.
Total consideration, payable on completion from internal resources, is
£1,200,000 for net assets of £365,951, to be verified by the production of
completion of accounts.
Florprotec will be relocated immediately to Tamworth, where its sales and
marketing activities will remain autonomous. The acquisition of Florprotec
complements and enlarges the activities of our National Commercial Specialist
businesses.
Enquiries: Tony Brewer Headlam Group Chief Executive
Steve Wilson Headlam Group Finance Director
Tel: 01675 433000
End
30 April 2007
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