AN­GLING DI­RECT SNAPS UP FOS­TERS OF BIRM­ING­HAM

£3 mil­lion deal will take new own­ers’ UK store count to 17

Angling Times (UK) - - THIS WEEK -

ONE of the UK’s big­gest tackle deal­ers has ac­quired an on­line re­tailer and tackle su­per­store.

An­gling Di­rect PLC bought Fos­ters of Birm­ing­ham for £3m to take its to­tal num­ber of UK stores to 17.

The tackle gi­ant has taken on the 17,000 sq ft shop in or­der to ex­pand its busi­ness, which gen­er­ated rev­enues of £5.9m in the year to March 2017.

An­gling Di­rect CEO Dar­ren Bai­ley told An­gling Times: “Fos­ters is a long-es­tab­lished and very suc­cess­ful busi­ness with a loyal cus­tomer base and knowl­edge­able team.

“The ac­qui­si­tion will be earn­ings-en­hanc­ing from day one and val­i­dates An­gling Di­rect’s long-term strat­egy, which is to con­sol­i­date the fish­ing tackle mar­ket while ex­pand­ing our busi­ness through ac­qui­si­tion.”

“Fos­ters is a suc­cess­ful busi­ness with a loyal cus­tomer base”

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