Screwfix rescues online retailer for £3m
Screwfix has purchased Birmingham-based Connect Distribution Services out of administration for a cash consideration of £3m.
Connect Distribution Services is a retailer of appliance spares, accessories and consumables to tradespeople and consumers via its digital and telephone channels.
The business’ e-commerce platforms, stock, intellectual property, and product data will transfer over to the ownership of Screwfix, which will also see Connect Distribution Services’ 400 employees under its management.
Screwfix says the retailer’s brands, which include sites such as eSpares, BuySpares, 4OurHouse, and the Connect Trade Portal, will operate as normal.
Screwfix added that it will begin to explore opportunities to enable customers to click-and-collect orders through Screwfix’s nationwide store network.
Screwfix CEO John Mewett said: “The business’ popular e-commerce platforms have significant growth potential and they play an important role in helping tradespeople and consumers keep products in use for longer, supporting our sustainability agenda.”