Tile Mountain Chairman Purchases Capitol Tile Group

Mo Iqbal, Chairman of Tile Mountain Limited has today confirmed his purchase of the Coventry based Capitol Tile Group, formerly one of the UK’s largest tile distributors. Following many years of successful trading the Group had more recently experienced financial difficulties and was finally put into liquidation last week.

Iqbal has purchased the wholesale and distribution side of the business from the administrators, thus saving seventy jobs in those sectors. The Capitol Tile retail outlets have been purchased separately by a third party.

Speaking about the purchase Mr Iqbal said: “I have known the Capitol Tile Group for many years having previously been one of its customers. I, like many others are saddened that it has fallen into administration. I am however delighted that in purchasing its wholesale and distribution divisions that I am able to secure the roles of seventy of its current staff, some of whom I have personally known since first setting out in the tile industry.”

“The business will remain in Coventry, and the management team will be led by myself and Jeremy Harris as directors. We will apply our knowledge of the industry alongside the latest advancements in technology to improve the business’ offering, so that once again the Capitol Tile Group will be recognised as a leader in the b to b sector of the industry. I believe this acquisition will sit perfectly alongside Tile Mountain for whom I am Chairman, and that the synergy between the two businesses will be of benefit to both our consumer and trade customers."

Source : Insight DIY Team 

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