Deal Snapshot
Headlam Disposes of Swiss Business Belcolor in Management Buyout
Monday 03 May 2021

UK-based floorcoverings distributor Headlam plc (LSE: HEAD) has agreed to dispose of its wholly owned Swiss floorcoverings distribution business, Belcolor AG to Belcolor's management team, the company said.

As a result of the disposal, Headlam will realise approximately GBP 12m (USD 16.7m) in cash. The management team will acquire 100% of Belcolor through a new entity, CH Floorcovering Group AG, while continuing to operate the business under the Belcolor name.

Date Published: 03/05/2021