Established in 1972, Dersimo is a highly-regarded family-owned floorcoverings distribution business involved in both the residential and commercial sectors and employing 23 people. The acquisition of Dersimo increases our weighting in the commercial sector in the Netherlands where we were previously underweight, improves our geographic coverage across the country, and gives us a much more meaningful overall market position. Combined with Headlam BV, the acquisition positions the Company within the top three or four in the Dutch marketplace in terms of size.

Dersimo will continue to be operated as a standalone business under its own trade brand and from its existing premises, and going forward it is anticipated that Dersimo and Headlam BV will support each other in terms of deliveries and stock.