Supertex Furnishing bought for £1.3m
Leyland-based Supertex Furnishing has been acquired for £1.3m by the Headlam Group, an international distributor of floorcoverings.
Supertex supplies carpets and carpet tiles as well as vinyl flooring, artificial grass and accessories to retailers across the north and Midlands. It distributes cut-length orders from stock on a next-day delivery service.
The company was founded in 1978 by chairman Brian Boocock, whose son Haydn is the managing director and daughter Samantha works in a sales role.
It employs 29 staff and has annual revenues of £4.7m. It operates from a 30,000 sq ft facility which includes offices, a warehouse and showroom.
Following the deal, Supertex will continue to trade under its existing brand while being supported by Headlam’s management team, distribution network and centralised and financial resources.
The main operations will eventually move to Headlam’s existing premises in Stockport, creating operating efficiencies, with a trade counter remaining in Leyland to service the local area.
Headlam was the favoured and trusted choice of buyer to protect the Supertex brand.
Haydn, who is staying on to assist Headlam with the company’s integration into the group, said: "Headlam was the favoured and trusted choice of buyer to protect the Supertex brand. Our loyal customer base, many of whom have traded with us for over 40 years, will only benefit from the investment and logistical expertise that Headlam has to offer."
Ben Bradley of HURST Corporate Finance advised the shareholders of Supertex on the deal. Tom Hall, Katie Ward and Gabrielle Cummins from Pannone Corporate provided legal advice.
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