Acquisition

Headlam Group PLC 03 November 2003 To : Company Announcements Office Primary Markets Division The London Stock Exchange Company announcements Tel 0207 797 4400 For immediate release 3 November 2003 Headlam Group plc Headlam Group plc ('Headlam'), the leading UK floorcoverings distributor, announces that on 31 October 2003 it acquired Manx Carpets, a supplier of high quality wool rich carpets to independent retailers and department stores. In the year to 31 December 2002 sales were £3.5 million and profits before tax were £175,000. Consideration payable in cash on completion is £500,000, funded through internal resources, and net assets acquired are £350,000. In line with the groups strategy the business will operate autonomously and be relocated to the Coleshill distribution centre. Enquiries: Tony Brewer Headlam Group Chief Executive Steve Wilson Headlam Group Finance Director Tel : 01675 433000 End 3 November 2003 This information is provided by RNS The company news service from the London Stock Exchange
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