Tilemaster announces acquisition by Kerakoll
TILEMASTER Adhesives has announced it’s been acquired by Kerakoll. Following the acquisition, the two brands will continue to run separately, in order to continue building and progressing both brands.
Tilemaster’s managing director, Mark Kelly and the rest of the team – including Paul and Rhona Kelly – will continue in their roles, with ‘business as usual’ at the Lancashire-based firm.
During the transition period, and going forwards, there will be no change to the service and support provided by Tilemaster, the company says, adding that it will deliver and operate its service.
‘It’s been an incredible journey at Tilemaster over the past few years and our family has taken the decision to sell the company to Kerakoll, in order to take our journey to another new and exciting chapter.
‘Time spent with the Sghedoni and Kerakoll family over the past few months has shown our families and companies have many similarities and synergies; it was clear Kerakoll is the perfect fit for Tilemaster Adhesives to work with, to continue the growth of both companies.
‘It shares the same values, ethos, motivation and customer care as we do – and an absolute commitment to customers. Working together will provide us with a wealth of experience and investment to ensure we continue to maintain our high levels of product innovation, product performance, service, support and care for our customers,’ says Mark.
‘On behalf of the Kelly family, Tilemaster Adhesives and Kerakoll, I sincerely thank you for your support and loyalty and invite you to join us as we embark on this exciting new chapter of our journey!’
Meanwhile, Gian Luca Sghedoni, ceo at Kerakoll, says: ‘We’re delighted about the acquisition of Tilemaster Adhesives; the company has grown considerably in recent years and is incredibly well thought of by the industry, in terms of its product innovations and customer service.
‘The acquisition establishes Kerakoll Group as a market leader in the UK tiling and flooring industry – and it’s just the beginning. Over the next four years, we plan to invest £30m to expand the production plant in Leyland; identify an additional UK production site and construct a new research and development centre, as well as new offices.
‘Product ranges will also be extended and new Kerakoll technologies introduced.’