Storage specialist Hammer Distribution will undergo a management buyout from its parent company, 4Front, as the company looks to improve relations with its channel partners.
Hammer Distribution has been sold to the company's original founders Paul Sangster and Steve Easterbrook, for $13.4 million, including the assumption of debt.
Commenting on the management buyout, Paul Sangster, joint managing director of Hammer, said: "We are re-focusing Hammer as a technology partner, working closer to the reseller and vendor to achieve greater presence in the SME and corporate channel."
The sale of Hammer Distribution will enable 4Front to invest $15 million during the next 18 months to expand the company's ebusiness. 4Front will now have a turnover of $280 million, of which 90 per cent is services based.
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