Distributor of interior décor Arthouse Ltd has been acquired out of administration by flooring textiles supplier Esselle Retail Ltd.
As part of the deal, which remains undisclosed, Arthouse’s 36 staff have been transferred to Esselle Retail.
Commenting on the acquisition, Esselle Retail said that there are “considerable synergies” between the businesses and that these will be exploited to grow the group further.
Ahead of Arthouse’s administration, the business had sales of £23.6m. The acquisition was advised by Rick Harrison and Vedrana Blackburn of Interpath Advisory, and Jim Truscott of Beyond Corporate Law.
Arthouse was advised by Ben Wildsmith and Surinder Bougan of EY, and Jonathan Robinson and Natasha Atkinson of DWF. EY are handling the insolvency and Interpath advised the purchaser.
