- Headlam Group has agreed to acquire the business and certain assets of Hall's Floorings.

Hall's Floorings, a distributor of residential floorcovering based in Edmonton, north London, is a supplier to independent floorcovering retailers throughout most of England.

Revenue for the year ended 31 December was approximately £8.2m. On completion, an initial consideration of approximately £472,000, will be payable and a further £243,000 will be incurred on settling an outstanding debt.

A further £150,000 will be payable following verification of the fair value of assets acquired.

At 8:04am: [LON:HEAD] Headlam Group share price was -5p at 346p

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