Connect Group plans to buy Tuffnells
The Connect Group described the proposed deal, which is for an initial consideration of £113.4m, as “a significant strategic opportunity”.
Mark Cashmore, the group chief executive of Connect, said “We are delighted to be announcing the acquisition of Tuffnells today, which we believe offers significant strategic and commercial opportunities for the enlarged group. The addition of Tuffnells will see us broaden our reach into an area of specialist distribution which complements our core skills and competences of time sensitive distribution.”