Yorkshire carpet distributor in £1.45 million take over
Fell’s Carpets of Whitley Bridge, North Yorkshire has been acquired by the Headlam Group plc, a European floorcoverings distributor.
Fell’s is a supplier to independent floorcovering retailers throughout the north of England.
Revenue for the year ended 30 April 2013 was approximately £6.7 million.
Consideration at completion amounted to £1.45 million with a further £55,000 to be paid following verification of the fair value of assets acquired.
Following completion, the sales, marketing and logistics activities will be transferred to the group’s existing facility in Gildersome, Leeds, whilst preserving the autonomy and identity of Fell’s Carpets.