Norcros PLC Sale of Johnson Tiles UK

RNS Number : 0034P

Norcros PLC

20 May 2024

 

20 May 2024

 

Sale of Johnson Tiles UK

 

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."

 

 

 

 

Enquiries

Norcros plc	Tel: [phone]
Thomas Willcocks, Chief Executive Officer
James Eyre, Chief Financial Officer
Hudson Sandler	Tel: [phone]
Nick Lyon Lucy Wollam-Coles

Notes to Editors

Norcros is a market-leading designer and supplier of high quality bathroom and kitchen products in the UK, Europe and South African markets.

 

In the UK, Norcros operates under six brands, Triton, Merlyn, Grant Westfield, Vado, Croydex and Abode.

 

In South Africa, Norcros operates under four brands, Tile Africa, House of Plumbing, TAL, and Johnson Tiles.

 

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com

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