Travis Perkins has further bolstered its tile business with the acquisition of Tile It All.
The home improvement retailer has bought the entire issued share capital of the retailer, which trades from 16 outlets predominantly in the Northeast of England and Scotland. Underlying EBITDA at the company was£1.3 million for the year to April 30, 2007.
Travis Perkins said the acquisition complements its existing portfolio, which includes the recently acquired Tile Giant and Tile Magic. The retailer’s tile business now operates from 67 stores nationwide.
Travis Perkins chief executive Geoff Cooper said: “Under the entrepreneurial leadership of managing director Mo Iqbal our tile businesses are set to become a major force in this attractive and growing market.
“The acquisition of Tile It All provides excellent growth in our business and branch network and is consistent with our strategy of investing in specific adjacent market segments.”
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