KBS Corporate advise on sale of Ashmount Flooring Supplies
Ashmount Flooring Supplies are a London based flooring distribution company, with over 40 years of experience in providing to both commercial and domestic properties.
The company offer a range of flooring products, and stock a wide range of well known brands within the industry.
Ashmount has amassed a strong reputation within the industry, resulting in an impressive client base and long-standing customer relationships.
As the shareholders at Ashmount look towards retirement, KBS Corporate were instructed with the sale of the company. A thorough research strategy was implemented which resulted in a wide-range of interest.
The ultimate buyers were Headlam Group plc, Europe’s largest distributor of floorcoverings.
The acquisition will allow Headlam to expand geographically into a London area, of which Ashmount has had a strong foothold. Ashmount will continue to be operated under its own trade brand, from the existing premises in London, but will also benefit from the resource and support of Headlam.
Tom Eatough, Associate Corporate Director, advised on the deal and commented: “From what was quite a turbulent due diligence and legal process, I am really pleased that we have reached a successful conclusion for our clients The acquisition will be strategically beneficial to the buyers and should enable our clients to enjoy their well-deserved impending retirement. I would like to wish both parties the very best for the future.”