AURELIUS Group
Successful Closing of Ceramic Tile Distributors Acquisition
DGAP-News: AURELIUS Group
/ Key word(s): Takeover
Successful Closing of Ceramic Tile Distributors Acquisition Luxembourg/London, April 05, 2022 – AURELIUS is pleased to announce the successful closing of the acquisition of Ceramic Tile Distributors (“CTD”) in a carve-out transaction from parent company, Saint-Gobain (ISIN: FR0000125007). This is the fourth acquisition completed by AURELIUS’ co-investment structure. CTD is a UK-based specialist supplier of high-quality ceramic tiles operating across 89 branches and four trading distribution hubs. The company predominantly sells tiles, tile adhesives, grout as well as associated tools and consumables for the preparation, laying, cutting and drilling of tiles. CTD’s leading B2B market position is supported by strong brand awareness of its Gemini product line and strong trading performance. In 2021, CTD generated revenues of approximately EUR 120 million. AURELIUS sees plenty of growth opportunities for CTD in the UK market for tiles and fixing products that is estimated to be worth just under EUR 1.2 billion annually. CTD’s growth over the last twelve months is based on a clear and detailed strategy that shows ample of growth opportunities mainly through digitalisation and adopting an omni-channel approach, as well as focusing on the increasing demand for outdoor tiles. AURELIUS will proactively work with CTD’s highly experienced management team to leverage its leading B2B market position by expanding its e-commerce offering and to continue the company’s operational development. Additionally, AURELIUS sees opportunities for new trade counter openings and new branch openings in key locations across the UK to further stimulate revenue and profit growth.
Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA (“AEO”; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy’s core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life. CONTACT
05.04.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |