Acquisition

30th Apr 2007 08:16

Headlam Group PLC30 April 2007 To: Company Announcements Office Primary Markets Division The London Stock Exchange Company announcements Tel 0207 797 4400 For immediate release 30 April 2007 Headlam Group plc Headlam Group plc, Europe's leading floorcovering distributor, announces that on27 April 2007 it acquired Florprotec Limited. Florprotec is a leading supplier throughout the UK of floor protection productsfor the construction industry and refurbishment projects. Turnover for the year ending 31 July 2006 was £2,363,100 and profit before tax£288,518. Total consideration, payable on completion from internal resources, is£1,200,000 for net assets of £365,951, to be verified by the production ofcompletion of accounts. Florprotec will be relocated immediately to Tamworth, where its sales andmarketing activities will remain autonomous. The acquisition of Florproteccomplements and enlarges the activities of our National Commercial Specialistbusinesses. Enquiries: Tony Brewer Headlam Group Chief Executive Steve Wilson Headlam Group Finance Director Tel: 01675 433000 End 30 April 2007 This information is provided by RNS The company news service from the London Stock Exchange

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