Announcement regarding the merger of TC Group and Edit Office Group
The combined entity would have sales of over £60m (€70m) and would take care of the office, educational and hospitality furniture needs of over 1,300 customers.Our discussions to date have aligned the leadership teams of both businesses on how best to fulfil on the following key objectives of the merger:
- to offer our dealer partners a more extensive range of products and services that would allow them to increase their market share and improve their profitability
- to facilitate a more efficient and streamlined route to market for our supplier partners along with the opportunity to grow their sales within the combined group
- to provide a working environment for our team members which allows for career progression, exciting new training opportunities and advanced skills sets
Dan Wooler, CEO of TC Group says:
“We are very excited to be merging with Edit, and having the opportunity to work closely with Fintan and his team. What has become clear through our discussions is how the two businesses complement each other: I envisage a combined business capable of making an even greater impact in all areas of our market.”
Fintan Lawlor, MD of the Edit Group says:
“From the outset of this journey, it has been evident to us that a combined TC/Edit group is capable of achieving great things for our dealer partners, our team members and our suppliers. TC's vision and that of the Edit Group align in terms of both the scope of what is possible and the benefits that would inevitably accrue as a result of this exciting merger."
The talks are advanced and positive and a more comprehensive announcement will be made in the very near future.
