Landis 'makes progress' towards ending crisis talks


Landis 'makes progress' towards ending crisis talks

Dominic Hall
Landis claimed to have made "important progress" last week in dealing with the crisis at the company and said its major suppliers were willing "in principle" to write off part of its debts.

Meanwhile, industry sources claimed Westcon might join Computer 2000 and Ingram Micro as a potential buyer of the Landis distribution arm.

A statement issued by Landis last week said: "Negotiations on the sale of distribution activities are continuing. We are unable to disclose any further information on the parties concerned."

But one industry source claimed Westcon was interested. "That doesn't mean it would get [Landis' distribution arm] for a cheaper price - it may be that it didn't understand the figures first time around," he suggested.

Landis UK managing director Mike Watkins insisted the company was "in a better position" than it was two weeks ago.

He revealed Landis "traded as normal" last week, despite difficulties arising from "limited stock. Hopefully this will be sorted out in the next few days - the banks have been supportive and negotiations on the sale of the business have been
progressing well".

Landis promised to reveal the outcome of talks on 9 April.
Westcon refused to comment.

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