27 August 2026
Headlam Group plc
('Headlam', the 'Company', the 'Group')
Sale of Netherlands businesses
Headlam (LSE: HEAD), the UK's leading floor coverings distributor, is pleased to confirm that, further to the previously announced intention to dispose of its Netherlands operations and consistent with the objectives of the Group's strategic review, it has completed the sale of those operations to SIL 2025 Limited, a company managed by Rcapital Partners LLP. The transaction comprises the Group's Netherlands businesses, Headlam Holdings B.V., Headlam B.V. and Dersimo B.V.
The sale represents a further step in Headlam's previously announced strategy to simplify the Group and its operating structure, as well as focusing the business solely on its core UK operations.
This enables greater management attention to be directed towards the Group's UK business, its customers and its operational priorities.
Financial terms
The gross consideration for the sale is EUR 850,000. Net proceeds after costs of c. EUR 170,000 will be used for general working capital purposes.
Commenting on the sale, Rob Barclay, Chief Executive Officer of Headlam, said: "The completion of the sale of our Netherlands businesses marks another step towards creating a simpler, more focused Headlam, centred solely on the UK market.
"We are pleased to have reached an outcome that provides the Netherlands businesses with a focused ownership structure and the support of an experienced investor."
Enquiries
|
"This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of the Company is Richard Jones, Interim Chief Financial Officer."