UK DIY News
Norcros Completes Sale Of Johnson Tiles
Further to the announcement on 25 April 2024 of the proposed sale of Johnson Tiles UK to its existing management team, Norcros plc announces the completion of the sale on 19 May 2024.
Thomas Willcocks, CEO of Norcros plc, said:
"We are pleased to have completed this sale as planned. At our recent Capital Markets Event we reiterated our strategic priorities, namely M&A, Organic Growth, Operational Excellence and ESG and we will continue to ensure that our capital allocation is aligned accordingly. This sale will allow Norcros to focus on and accelerate the execution of our growth strategy. Johnson Tiles UK has been a long-standing partner of the Group and we thank them for their significant contribution. We wish the Managing Director, Stephen Dixon, and the team every success for the future."
Source : Norcros plc
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
Don't miss out on all the latest, breaking news from the DIY industry
