REG - Topps Tiles - CTD Tiles acquisition CMA phase 1 decision

Topps TilesAnnouncement

17/02/2025 07:45

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RNS Number : 3373X  Topps Tiles PLC  17 February 2025

17 February 2025

 

Topps Tiles plc

("Topps Group" or the "Company")

Acquisition of the brand and certain assets of CTD Tiles - CMA phase 1
referral decision

 

On 19 August 2024, Topps Group announced that it had acquired the CTD Tiles
brands, 30 retail stores, selected stock and all related intellectual property
("CTD") from CTD Tiles Limited. On 2 October 2024, the Company announced that
the UK's Competition and Markets Authority ("CMA") intended to review the
transaction under UK merger control.

The Company is pleased to note that following the announcement of its Phase I
decision today, the CMA found that the transaction has generated no
competition concerns in the majority of areas reviewed.  Specifically, the
CMA agreed with the Company that its acquisition of the CTD commercial tile
operations (CTD Architectural and CTD Housebuilder) did not raise any
competition concerns and that in 26 out of 30 locations where retail stores
were acquired no local competition concerns were identified.

In the four retail localities where the CMA has identified possible concerns
(Dorking, Aberdeen, Inverness and Edinburgh) the Company now has the
opportunity to put forward remedies to address these concerns in lieu of a
more in-depth investigation. The Company will continue to work with the CMA in
a constructive and professional manner, as it has done throughout this
process.

A further announcement will be made in due course.

For further information please contact:

 Topps Tiles Plc
 Rob Parker, CEO         0116 282 8000

 Stephen Hopson, CFO
 Citigate Dewe Rogerson
 Kevin Smith             020 7638 9571

Notes to Editors

 

Topps Tiles Plc is the UK's largest specialist supplier of tiles and
associated products, targeting the UK domestic and commercial markets and
serving homeowners, trade customers, architects, designers and contractors
from 300 nationwide Topps Tiles stores, a commercial showroom in London and
nine customer-facing websites: www.toppstiles.co.uk
(http://www.toppstiles.co.uk) , www.parkside.co.uk (http://www.parkside.co.uk)
, www.protilertools.co.uk (http://www.protilertools.co.uk) ,
www.northantstools.co.uk (http://www.northantstools.co.uk) ,
www.premiumtiletrim.co.uk (http://www.premiumtiletrim.co.uk) ,
www.warmfloorstore.co.uk (http://www.warmfloorstore.co.uk)
www.flooringmaterials.co.uk (http://www.flooringmaterials.co.uk) ,
www.tilewarehouse.co.uk (http://www.tilewarehouse.co.uk) and
www.ctdtiles.co.uk.

 

Since opening its first store in 1963, Topps has maintained a simple operating
philosophy ‐ inspiring customers with unrivalled product choice and
providing exceptional levels of customer service.  For further information on
the Group, please visit www.toppsgroup.com (http://www.toppsgroup.com)

 

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