Essential reading for retailers and suppliers in the home improvement market

William Sinclair buys Joseph Metcalf

Published: 10 January 2008
William Sinclair Holdings has bought Joseph Metcalf, who supplies the Gem brand of horticultural lines, for £2.95m cash.
Chief executive Bernard Burns said the addition of the Gem brand will allow Sinclair to flourish in three mains areas - efficiency in manufacturing and production, the development of environmental lines, and enhancement of both brands.

"With the synergies that exist from the combined Joseph Metcalf business, further cost savings across the enlarged group are expected to be generated," said Bernard Burns.

The company plans to introduce the same cost-saving measures to Joseph Metcalf that have turn around William Sinclair over the last two years.

For the 10 months to June 30 Joseph Metcalf reported a net loss of £0.18m on turnover of £8.8m.

William Sinclair expects the purchase of Joseph Metcalf to add to its earnings for the 15 months to Sept 30, which is the end of Sinclair's fiscal year.

Comments


(Your email address will not be published)
9 + 5 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories