Specialist retailer netted in £3m deal
Fishing tackle retailer Angling Direct hopes it has landed a great catch after agreeing to pay £3.0m for Fosters of Birmingham.
Fosters has a 17,000 sq ft store in Witton and last year generated sales of £5.9m. Its operating profit in the year to March was £460,000.
Angling Direct already has stores in Willenhall and Halesowen among its 17 sites.
Darren Bailey, chief executive of Angling Direct, said: "Fosters is a long-established and very successful business with a loyal customer base and knowledgeable team.
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