The Channel logo

News

By | Robin Lettice 3rd January 2007 12:15

Fayrewood shuffles board

As Esprinet buys UMD

Computer products distributor Fayrewood plc completed the sale of UMD, part of its Niche Distribution division, to Esprinet for €53.5m on 22 December.

The sale was accompanied by a reshuffle in the Fayrewood boardroom. Chief executive Paul Griffiths and finance director David Gurr stepped down at the end of December, but will continue to assist the board in a consulting capacity. Keith Negal has been appointed an executive director of Fayrewood with effect from 1 January.

As of 27 December Fayrewood has received €48.5m, with the balance of €5m payable in six months time.

Chairman David Kleeman said that "Discussions continue with our advisers with regards to returning a large part of the proceeds to shareholders."®

alert Send corrections

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me