Stuart snapped up in decorative deal
Who?
Leicester specialist paint and decorating supplier Stuart Decorating Supplies.
Did what?
Has been sold to a national decorators’ merchant for an undisclosed sum.
What does this mean?
Sussex-based decorating supplies business Brewers bought Stuart Decorating from DSW Holdings, in a sale facilitated by the Harvey Ingram corporate team. Stuart Decorating Supplies staff will stay with the business to work with the new owner.
Who advised?
John Stobart and Nicoleta Bakalis of Midlands law firm Harvey Ingram’s corporate team, together with Manjit Kooner, from the firm’s property team, completed the sale. Stewart Collier, of Leicester accountant, business adviser and tax specialist Mark J Rees, provided financial advice.
Insider comment:
Brewers Limited is an expanding chain of decorators’ merchants with 130 outlets across the south and Midlands.
In its latest available accounts, Stuart Decorating Supplies had net assets of £97,502 at the year ending 31 July 2008.
