Acquisition provides opportunity to become a 'major force' in this attractive and growing market, says Travis Perkins chief executive.
Travis Perkins has announced the acquisition of Tile It All (UK) Ltd ('Tile It All') from Stephen and Shirley Bell.
Stephen Bell was managing director. After selling the entire share capital, Mr Bell will step aside and the business will be run by new md, Mo Iqbal formerly md of Tile Giant.
Tile It All is a retailer of tiles and accessories, which trades from 16 outlets predominantly in the North East of England and Scotland.
Earnings for the year ended 30 April 30, 2007 amounted to £1.3m; gross assets were £3.2m.
"Tile It All complements our existing portfolio of recently acquired tile businesses, Tile Giant and Tile Magic," the company said in a statement.
"The acquisition represents an excellent geographic fit and significantly increases our move towards full national coverage. Together, our tile businesses now operate from 67 stores across the country."
Geoff Cooper chief executive of Travis Perkins 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."