REG - Norcros PLC - Sale of Johnson Tiles UK

NorcrosAnnouncement

20/05/2024 07:00

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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: 01625 547700
 Thomas Willcocks, Chief Executive Officer
 James Eyre, Chief Financial Officer

 Hudson Sandler                             Tel: 0207 796 4133
 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
(http://www.norcros.com)

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