Specialist in Floors, Yarns & Fabrics, Low & Bonar PLC, Bonar Floors Limited acquired some assets and intellectual property of Threshold Floorings Limited - in Administration, a manufacturer and developer of flooring products and entrance systems, for a cash consideration of £100,000 from its Administrator.
Threshold Floorings will provide a further extension to the Bonar Floors' product range and is in line with Low & Bonar's strategy of adding complementary, niche manufactured products. Threshold Floorings' products will be manufactured and sold through Low & Bonar's existing facilities. The transaction will further cement Bonar Floors' leading position in the UK entrance systems market.
Low & Bonar business is the high value added design; conversion and finishing of polymers or other specialist materials into products for strategically attractive niche markets
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