Scottish blind manufacturer Eclipse Blinds Ltd., which took over U.S. blind component producer Scientific Plastics Inc. of Miami in December, has been acquired itself.
Headlam Group plc of Northampton, England, a leading British fabrics and floor coverings distributor, purchased Eclipse for about £52.4 million ($84.4 million).
Headlam also announced it is negotiating with flooring giant Tarkett Sommer AG of Frankenthal, Germany, to purchase two of Tarkett's French distribution businesses, DFA and Arvial, for about $8.8 million. DFA and Arvial trade as La Maison du Sol, or LMS.
LMS is the largest distributor of floor coverings in France. The unit recorded a loss last year of $322,000 on sales of about $19 million.
The board of Renfrew, Scotland-based Eclipse unanimously recommended the Headlam offer to shareholders.
``By becoming part of Headlam Group, Eclipse will be very well-placed to achieve its potential through access to greater financial and other resources,'' said Eclipse Chairman Ted Black.
Headlam said it will benefit from the complementary products and skills of Eclipse, which should strengthen its own businesses.
``The acquisition ... will give Headlam the opportunity to add further window coverings to [its] product portfolio,'' said Ian Kirkham, Headlam chief executive officer.
``It also gives Headlam access to markets in the U.S. and Europe, where we see scope for consolidation of our fragmented industry. In addition, we expect to realize a number of synergies on the integration of Eclipse, particularly in manufacturing processes,'' Kirkham added.