Likewise Group plc (LON:LIKE), the fast growing and progressive Flooring Distributor, has announced that the contingent consideration of £3,855,000 has been paid in full from current cash resources to the vendors of Valley Wholesale Carpets (2004) Limited under the terms of the Share Purchase Agreement announced on 15 December 2021.
No further payments are owed to the vendors of Valley.
Tony Brewer, Chief Executive of Likewise, said:
“Valley has been an excellent acquisition with the quality of Assets acquired plus the positive impact to Group profitability and operating cash flow. We thank the Management and Staff for their contribution in maintaining Valley as an autonomous business.
Whilst very early in the year, trading has commenced positively, and the Likewise Group is extremely well positioned to accelerate growth during 2024.”
