old

FURNISHING fabrics group Gabriel AS has agreed to buy British workplace products supplier Screen Solutions Limited for £4.5 million from its private shareholders.


The deal strengthens and diversifies the Danish textiles company’s presence in the UK market, the company said in a statement.


Screen Solutions is based near Brighton and made £524,204 before tax on revenues of £7.1 million in 2015. Ahead of the takeover, it was almost entirely owned by founder and CEO Julian Grindall, his wife, and Mark Stevens, marketing director.


Gabriel said Screen Solutions is recognised as one of Europe’s leading suppliers of screens and office dividers for the European furniture industry and it trades primarily under the established Screen Solutions and Acoustic Comfort brands.



TO READ THE FULL STORY: