StockMarketWire.com - Headlam Group has completed the acquisition of 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 to the end of Decemberwas approximately £8.2m.

Consideration on completion was £457,000 with an additional £292,000 incurred in settling an outstanding debt.

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


At 8:34am: [LON:HEAD] Headlam Group share price was -7.37p at 340.88p



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