Low & Bonar PLC - Acquisition of assets of Threshold Floorings

On 19th October 2005, Bonar Floors Limited, a subsidiary of Low & Bonar PLC, acquired some assets and intellectual property of Threshold Floorings Limited - in Administration, a manufacturer and developer of flooring products and entrance systems, for a cash consideration of £100,000 from its Administrator.

Threshold Floorings will provide a further extension to the Bonar Floors’ product range and is in line with Low & Bonar’s strategy of adding complementary, niche manufactured products. Threshold Floorings’ products will be manufactured and sold through Low & Bonar’s existing facilities. The transaction will further cement Bonar Floors' leading position in the UK entrance systems market.