Likewise Group plc (AIM: LIKE) has finalised the purchase of a 60,000 square foot freehold distribution hub in Corby, Northamptonshire, for £9.57 million. The high bay facility is part of the company’s strategy to expand its UK logistics network, with operations expected to commence in January 2027.
The Corby acquisition follows recent developments at Likewise’s Derby and Newport sites, according to Chief Executive Tony Brewer. The new hub will add storage, cutting, and trunking capacity, while relieving pressure on the Birmingham facility. The company targets total sales revenue of £300 million, with the Corby site scheduled to receive stock by the end of 2026.
Likewise, a distributor of flooring products, did not disclose further financial terms. The company plans to release its August results and early September trading update on September 11.
