Successful Closing of Ceramic Tile Distributors Acquisition

05.04.2022

Successful Closing of Ceramic Tile Distributors Acquisition

Luxembourg/London, April 05, 2022 – AURELIUS is pleased to announce the successful closing of the acquisition of Ceramic Tile Distributors (“CTD”) in a carve-out transaction from parent company, Saint-Gobain (ISIN: FR0000125007). This is the fourth acquisition completed by AURELIUS European Opportunities IV, controlling a 70 % stake and its Co-Investor AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), controlling the remaining 30 %.

CTD is a UK-based specialist supplier of high-quality ceramic tiles operating across 89 branches and four trading distribution hubs. The company predominantly sells tiles, tile adhesives, grout as well as associated tools and consumables for the preparation, laying, cutting and drilling of tiles. CTD’s leading B2B market position is supported by strong brand awareness of its Gemini product line and strong trading performance. In 2021, CTD generated revenues of approximately EUR 120 million.

AURELIUS sees plenty of growth opportunities for CTD in the UK market for tiles and fixing products that is estimated to be worth just under EUR 1.2 billion annually. CTD’s growth over the last twelve months is based on a clear and detailed strategy that shows ample of growth opportunities mainly through digitalisation and adopting an omni-channel approach, as well as focusing on the increasing demand for outdoor tiles.

AURELIUS will proactively work with CTD’s highly experienced management team to leverage its leading B2B market position by expanding its e-commerce offering and to continue the company’s operational development. Additionally, AURELIUS sees opportunities for new trade counter openings and new branch openings in key locations across the UK to further stimulate revenue and profit growth.
 
AURELIUS was advised on the transaction by Deloitte (M&A), Eversheds (Legal) and Interpath (Tax).

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