CPR Carpetright Plc

    RNS Number : 7079J
  Carpetright PLC
  08 December 2008
   
                                                         Carpetright acquires Sleepright
    Carpetright plc, Europe's leading specialist and carpet retailer, is pleased to confirm the completion of the purchase of Sleepright UK
Ltd ("Sleepright"), negotiations for which were disclosed in the pre-close Trading Update issued on 28 October 2008.

    Sleepright is one of the UK's leading bed retail specialists and currently operates from 93 outlets within Carpetright stores.  

    The total consideration is �1.8m, of which �0.8m has been paid, funded from internal resources. The remaining �1.0m is dependent on the
achievement of specific profit targets for this business in the year to April 2010.

    Commenting on the acquisition Chairman and Chief Executive Lord Harris of Peckham said:

    "I am delighted that we have been able to acquire Sleepright. We see significant opportunities to develop the business, which is
complementary to Carpetright, and there are important synergies for us to exploit and deliver attractive returns to our shareholders."

    For further enquiries please contact:

 Carpetright plc
 Neil Page, Group Finance Director  01708 802000

 Citigate Dewe Rogerson
 Kevin Smith/Angharad Couch         020 7638 9571

                

                

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