Fayrewood,
the owner of IBM distributor
Interface
Solutions, has confirmed it is in talks to sell all or part of the business.
Interface is Fayrewood’s last remaining concern after it reached an agreement
to sell its French arm to Gem Distribution this month (CRN, 19 November).
Fayrewood also recently sold its Spanish arm and dumped its remaining stake in
security distributor
Computerlinks.
Rumours surfaced earlier this year that Fayrewood was also seeking buyers for
Interface (CRN, 1 October), although top management recently assured CRN they
would look to build the business before selling up (CRN, 19 November).
Fayrewood was forced to make the latest announcement following a sudden spike
in its share price.
“The company notes the recent movement in its share price and confirms that
it is in talks with a third party which may or may not lead to an offer being
made
for all or part of the company,” Fayrewood said in a statement.
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