The Tile Mountain Group has acquired Kettering-based Walls and Floors to reportedly become the largest privately-owned tile company in the UK.
As part of the deal, Tile Mountain has also taken ownership of Walls and Floors’ retail, distribution, and specification divisions.
The move means Tile Mountain is now a multi-faceted operation, competing in multiple markets including online, store-based retail, wholesale and contracts.
Established in 1987, Walls and Floors employs nearly 200 people with an annual turnover in excess of £30m.
Its purchase by the Tile Mountain Group, spearheaded by chairman Mo Iqbal and managing director Jeremy Harris, forms part of the pair’s expansion strategy.
It has seen the recent acquisition of Coventry-based Capitol Tiles and online retailer Tons of Tiles by Tile Mountain.
Chairman Mo Iqbal, said of the deal: “Over the years led by Richard and Duncan, Walls and Floors has developed into one of the major players in the UK tiling industry and I am excited about leading the company into the next phase of its growth”.
Managing director Jeremy Harris commented: “Walls and Floors has a significant supplier base and great customer loyalty, both online, across its distribution and contracts networks and in store.
“We’re relishing working with suppliers and customers and developing opportunities further, with the ultimate goal of improving our offering across all our brands.”
Tile Mountain opened a £10million HQ in 2017 in Stoke-on-Trent.