Likewise Group plc has completed the acquisition of a 60,000 square foot distribution hub in Corby, East Midlands, for £9.57 million, the company announced on Monday. The deal marks a strategic expansion of the AIM-listed floor coverings distributor’s logistics network, with the new facility expected to commence operations in January 2027.
The Corby hub will enhance Likewise’s capacity, enabling the company to accelerate growth alongside recent operational improvements at its Derby and Newport facilities. Chief Executive Tony Brewer highlighted the acquisition as a key milestone in the company’s development strategy. "This acquisition represents an important step in our development and will allow our logistics network to accelerate growth," Brewer stated.
The transaction follows the company’s target to achieve annual sales of £300 million, with the Corby facility set to play a central role in scaling distribution capabilities. Installation of shelving and cutting equipment is scheduled to begin immediately, while stock arrivals are anticipated later in the year. Likewise plans to release an operational update on September 11, covering August results and initial September trading data, to provide further insight into the acquisition’s early impact.
