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Interface hopes for cash boost - PC Retail

Interface hopes for cash boost

Managing director is confident of investment by parent company after sale of French wing
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Keith Negal, the managing director of Interface Solutions, has said he is confident that its parent company, Fayrewood, is about to further invest in the UK distributor, following the sale of its French arm to DCC-owned Gem, as previously reported by PC Retail.

Speaking to CRN, Negal said that it is his belief that the company is about to invest heavily in the IBM and Lenovo distributor. The disposal of Banque Magnetique for €38.1m (£27.3) means that Fayrewood now has a cash balance of €34.9m (£25m).

He also alluded to the possibility of a merger in the near future: "We want to improve services and are in talks to form a joint venture [with a services firm]. We are also exploring possible acquisitions," he added.

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