03:53 AM EDT, 10/07/2026 (MT Newswires) -- Floor coverings distributor Likewise Group (LIKE.L) acquired certain assets from Headlam Group (HEAD.L) and HFD in the UK for 14.9 million pounds sterling in cash. The assets include the 90,000-square-foot freehold Thatcham Distribution Centre, the trade and assets of Crucial Trading and Concept Flooring in West Bromwich, and Stoke-on-Trent, alongside principal intellectual property. Meanwhile, 110 employees at Thatcham, Crucial Trading and Concept Floors are expected to transfer to Likewise, according to a Wednesday filing. Likewise also signed an agency agreement to help Headlam's joint administrators sell the remaining inventory in the next nine months. It will make an on-account payment of 2.3 million pounds as part of the arrangement. Likewise said it does not expect the agreements to impact its profitability for full-year 2026, but anticipates a positive contribution to its 2027 results.

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