Travis Perkins PLC
03 April 2008
3 April 2008
TRAVIS PERKINS PLC
Travis Perkins acquires Tile It All (UK) Limited
Travis Perkins plc ('Travis Perkins'), a leading builders' merchant and home
improvement retailer, announces that it has acquired the entire issued share
capital of Tile It All (UK) Ltd ('Tile It All') from Stephen and Shirley Bell.
Tile It All is a successful retailer of tiles and accessories which trades from
16 outlets predominantly in the North East of England and Scotland. Underlying
EBITDA for the year ended 30 April 2007 amounted to £1.3m. Gross assets at 30
April 2007 were £3.2m.
Tile It All complements our existing portfolio of recently acquired tile
businesses, Tile Giant and Tile Magic. The acquisition represents an excellent
geographic fit and significantly increases our move towards full national
coverage. Together, our tile businesses now operate from 67 stores across the
country.
Geoff Cooper, Chief Executive of Travis Perkins said:
'Under the entrepreneurial leadership of Managing Director, Mo Iqbal, our tile
businesses are set to become a major force in this attractive and growing
market. The acquisition of Tile It All provides excellent growth in our business
and branch network and is consistent with our strategy of investing in specific
adjacent market segments.'
- ends -
Enquiries:
Geoff Cooper, Chief Executive
Travis Perkins PLC +44 (0)1604 683 222
Mark Longson/David Bick
Square1 Consulting Limited +44 (0)20 7929 5599
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