Angling Direct buys Ted Carter Fishing Tackle for £125,000
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Angling Direct, the UK’s largest fishing tackle retailer, has acquired Ted Carter Fishing Tackle, based in the North West of England, for £125,000.
Situated near Preston, Lancashire, the purchase increases Angling Direct’s presence in the North West of the country and takes its total number of stores to 22. In the year to March 31, 2018 Ted Carter Fishing generated revenues of around £1.2 million.
Darren Bailey, CEO of Angling Direct, said: “Ted Carter Fishing Tackle is a very well established and successful business with a loyal customer base and knowledgeable team. We expect the acquisition to be earnings enhancing from day one and validates our long-term strategy to consolidate the fishing tackle market while expanding our business through acquisition into new areas of the country with a strong angling demographic.”
Nick Carter, Managing Director of Ted Carter Fishing Tackle, added: “We are delighted that a well-established business with similar values as ours will be taking over Ted Carter. Like us, Angling Direct is committed to providing best in class service to all customers and this deal will transform the future prospects for both the company and its employees.
“Angling Direct has an exceptional track record and having seen how it cares for its customers and staff, we feel that it is by far the best operator to take the business forward.”