Online "powerhouse" after UKFD acquisition
July 5, 2023
Major online flooring specialist UK Flooring Direct (UKFD) has been acquired by Nestware Holdings - owner of the Carpetright retail group and the Keswick Flooring online operation.
“This acquisition brings together two powerhouses of the online flooring retail sector, creating an entity that is well-positioned to capitalise on the evolving market trends towards convenience, service and value,” says Keswick CEO James Davey.
The UKFD business has been bought from its administrators in a "pre-pack" acquisition deal. The sale safeguards all of UKFD’s 85 employees in Coventry and as part of the sale agreement, any outstanding customer orders will also be fulfilled.
“Nestware is dedicated to transforming the way consumers and trade customers buy flooring across Europe,” commented Kevin Barrett, CEO of the Nestware Group. “The acquisition of UKFD is a testament to this commitment. Together, these brands will shape the future of the flooring industry and redefine the way consumers shop for flooring online.”
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