• Pre-pack deal rescues online building materials firm

    Building materials distributor Lords has acquired its online-only rival CMO in a pre-pack administration deal for £1.8m
    The £71m-turnover CMO business was founded in 2008 as Construction Materials Online but was forced to delist from the AIM market in March as it searched for additional funding.
    Lords has now acquired its assets and 120 employees in the pre-pack deal.Lords said it “acknowledges that the events leading to the acquisition have had an impact on a number of stakeho

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