Premier Farnell plc has agreed to sell BuckHickman InOne, a distributor of industrial tools and supplies, to The BSS Group plc for about & pound; 27 million.
BuckHickman had sales of & pound; 99.8 million and operating losses before interest and tax of & pound; 0.8 million for the financial year ended Jan. 28, 2007.
Premier Farnell is a global distributor of electronic components and industrial products to the design, maintenance and engineering sectors. It operates in 21 countries. Companies within Premier Farnell Group include Farnell, CPC, BuckHickman InOne,
It is listed on the London Stock Exchange and had sales of & pound; 814 million in the year ended Jan 29, 2007.