TANDY LEATHER FACTORY INC (TLF): M&A transaction — Tandy Leather Factory sells corporate HQ for $26.5M, plans move to new facilities by Q3 2025

TANDY LEATHER FACTORY INC

Gross cash purchase price of $26.5 million from sale of Fort Worth corporate headquarters, distribution center, and flagship store.
Transaction closed on January 22, 2025; company continues to occupy facilities under lease agreements with purchaser.
Company plans to move to new facilities expected in the third quarter of 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TANDY LEATHER FACTORY INC completed a disposition involving Colonna Brothers, Inc. for $26.5 million (closed 2025-01-22).

Action: disposition
Counterparty: Colonna Brothers, Inc.
Consideration: $26.5 million
Closing: 2025-01-22

Exact text from the filing

The parties closed the sale of this transaction on January 22, 2025, with the Company receiving a gross cash purchase price for the facilities of $26.5 million (before commissions, taxes and other expenses), as provided in the agreement.

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Source: SEC EDGAR

accession 0001140361-25-002216

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