Gallery Direct acquires rival
Galley Direct has moved to strengthen its position by acquiring a leading accessories, gifts and furniture wholesaler.
Parlane International has been bought by Gallery Direct.
‘We are very proud of our business, which has been developed over the last 48 years with the outstanding team here in Bourton-on-the-Water, Gloucestershire. We have grown to a size where we now need to partner with a like-minded business. The synergies between Gallery Direct and ourselves are obvious and we are delighted to become part of the Gallery team going forward, said Mike Burgess, Parlane International md.
The deal is part of Gallery’s strategic decision to expand its home accessories collection.
‘The two companies share the same core values and work ethics. Like ourselves, Parlane is a well-established business which has developed a strong, trusted brand, focusing on design, quality and value for money. It has close working relationships with its suppliers, which produce excellent products for it. Many are designed in-house by the Parlane team or are exclusively procured from its high-quality international suppliers. I am confident that the two businesses will work closely together to deliver benefits to both companies and the respective customers,’ said Peter Delaney, Gallery Direct md.
‘Mike and his team have such in-depth sector knowledge that we know will help our ongoing strategy and expansion further into the sector. It has been a pleasure dealing with and getting to know him and the Parlane team, and we look forward to welcoming them onboard.’
Terms were not disclosed.