Business Partnership Corporate

Meridian Ltd acquired by Aljec Ltd

Agriculture

Distributor of household and garden products

young woman walks pushing the cart between the high shelves of a home improvement store in a shopping mall

young woman walks pushing the cart between the high shelves of a home improvement store in a shopping mall

First traded in 1989, this business was involved in the distribution of a variety of household and garden products.

Some 3,000 product lines on offer included DIY and decorating products, cutting tools, drill bits and abrasives, security and personal protection items plus a range of ironmongery lines.

Operating throughout the Midlands and the South West, with businesses in Mid and South Wales also being serviced, the company employed sales agents, supported by the owner. It also operated a popular e-commerce website, widely used by its clients and a valuable tool for promoting end of lines or offers.

The business had established a strong relationship with a major customer which operated from multi-branch locations throughout England and Wales and accounted for half of all sales.

Prior to acquisition, sales figures had reached £460,000 per year producing a healthy gross margin.