Executive Summary
Norcros plc is a highly focused home consumer products group with operations primarily in the UK and South Africa. The Group is led by a strong management team supported by an experienced operational team and a highly knowledgeable and well informed non-executive team. The Group enjoys leading positions in its chosen markets: * Triton has the leading position in the UK domestic shower market in which demand is underpinned by the strong replacement cycle and increased shower penetration per UK household. The business is highly cash generative. * HRJ is the number 1 UK tile manufacturer and well positioned to increase market share and improve margins in an expanding tile market following a period of radical restructuring. * Norcros SA has significant opportunities in the rapidly expanding South African tile market through its integrated manufacturing and retail operations with an exciting retail store refurbishment and roll out programme underway.
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