Joyce considers Bedshed takeover

TAKING full ownership of the Bedshed brand is one option for O’Connor-based Joyce Corporation as it reviews its growth plans.Joyce chairman Daniel Smetana said the company was considering and reviewing a number of complementary growth options it had identified for the next 12 to 18 months.One of these included the acquisition of the outstanding interest in Bedshed that Joyce does not already own. “Bedshed is performing very strongly nationally and its growth and increased profitability is in line with expectations,” Mr Smetana said, “In addition, Bedshed has its own significant growth plans, which the company is supportive of in financial terms as well as in business strategy terms.”Bedshed has been a part of the Joyce stable for 25 years and the present plans are seen as an extension of that long and sustained interest.