25 July, 2017
Forbes Solicitors' Corporate team has acted for Leyland based Tilemaster Adhesives over its sale to Kerakoll.
Following the acquisition, the two brands will continue to run separately, in order to continue building and progressing both brands. Tilemaster's Managing Director, Mark Kelly and the rest of the team - including Paul and Rhona Kelly - will continue in their roles, with "business as usual" at the firm.
Tilemaster Adhesives was established in 1990, a family business that has maintained the family virtues of care for their customers. Unique, because we are smaller than the competition and so give one to one service in pure customer requirements, covering product formulation, packaging and technical site support.
During the transition period, and going forwards, there will be no change to the service and support provided by Tilemaster - with Tilemaster delivering and operating the high-quality service for which it is renowned.
"It's been an incredible journey at Tilemaster over the last few years and our family has taken the decision to sell the company to Kerakoll, in order to take our journey to another new and exciting chapter. Time spent with the Sghedoni and Kerakoll family over the last few months has shown that our families and companies have many similarities and synergies; it was clear that Kerakoll is the perfect fit for Tilemaster Adhesives to work with, to continue the growth of both companies. It shares the same values, ethos, motivation and customer care as we do - and an absolute commitment to customers. Working together will provide us with a wealth of experience and investment to ensure that we continue to maintain our high levels of product innovation, product performance, service, support and care for our customers," explained Mark Kelly.
"We're delighted about the acquisition of Tilemaster Adhesives; the company has grown considerably in recent years and is incredibly well thought of by the industry, in terms of its product innovations and customer service. The acquisition establishes Kerakoll Group as a market leader in the UK tiling and flooring industry - and it's just the beginning. Over the next four years, we plan to invest £30 million to expand the production plant in Leyland; indentify an additional UK production site and construct a new research and development centre, as well as new offices. Product ranges will also be extended and new Kerakoll technologies introduced," explained Gian Luca Sghedoni, CEO at Kerakoll.
Tilemaster was advised by Forbes Solicitors and McMillan & Co LLP whilst the buyers were advised by DLA Piper.
Pauline Rigby, Partner and Head of Corporate at Forbes, said, "It has been an absolute pleasure working with the Tilemaster team on this transaction and I wish both parties all the best for the future."
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