Acquisition

Headlam Group PLC 5 June 2002 5 June 2002 Headlam Group plc Headlam Group plc ('Headlam'), the leading UK floorcoverings distributor, announces that on Friday 31 May 2002 it acquired the trade, stock, marketing and distribution rights of Crucial Trading. Crucial Trading is the leading UK supplier of natural floorcoverings and complements Headlam's existing activities. It will be relocated and operated from an existing Headlam facility. Crucial Trading net assets as at 30 April 2002 were £0.41 million. Consideration was £1.77 million paid in cash, £1.70 million on completion with a further £0.07 million held in escrow pending the final determination of the assets acquired. The acquisition was funded from Headlam's internal resources. Sales for the year ended 31 December 2001 were £5.445 million. Enquiries: Tony Brewer Headlam Group Chief Executive Steve Wilson Headlam Group Finance Director Tel : 01675 433000 End This information is provided by RNS The company news service from the London Stock Exchange
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