South Wales retailer Leekes has announced that it has reached an agreement to purchase the Park Furnishers retail business, based in Bristol.
Leekes currently operates five large home department stores in Wales, the West of England and the Midlands, and has been actively expanding its business in recent years following the 2009 acquisition of the Midlands-based Coles of Bilston.
MD Emma Leeke comments: "We have been looking for new opportunities to continue our expansion plans and we are delighted to have been able to reach agreement with the Coller family to purchase Park Furnishers.
"We were attracted to the family-owned business, established by Len Coller in 1967 and developed with his son Deryn and grandsons Tim and James, as it was founded and run on the same strong guiding principles as ours of offering quality products at great prices. We intend to continue to trade under the Park Furnishers name which is also synonymous with offering an excellent level of service to its loyal and expanding customer base."
Park Furnishers' MD Tim Coller adds: "We have been impressed with the professionalism of the team from Leekes during our discussions and we are confident that our business is in safe hands. I would like to pay tribute to the staff at Park, many of whom have worked with us for many years and helped us grow our business during that time. I am confident that the business will continue this growth and develop further under the ownership of Leekes."
