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Topps Tiles acquires CTD Tiles brand
TOPPS TILES has acquired the CTD Tiles brands and certain assets for £9 million after the company fell into administration. The acquisition from administrators James Lumb and Will Wright of Interpath includes CTD’s brands – CTD Tiles, CTD Trade and CTD Architectural Tiles – as well as 30 retail stores, selected stock and all related intellectual property
from CTD Tiles Limited. CTD Tiles was previously owned by Aurelius Investments, who acquired the business in 2022. It operated 86 stores across the UK, but the 56 stores that have not been acquired by Topps will “be disposed of through
the administration”, according to a statement. Earlier this month, it was reported that CTD Tiles had filed a notice of intent
to appoint administrators. Interpath Advisory was appointed to oversee the company’s sale, with hopes that it could lead to a pre-pack administration deal. Prior to entering administration, CTD supplied tiles to retail, trade and
commercial markets through its brands. Combined, these brands were said to generate total annual revenue of £75 million. CTD Tiles’ commercial business arm was said to generate revenues of £16 million from the volume housebuilder segment, and £8 million from the A&D market sector. Topps Tiles – a subsidiary of Topps Group – believes the acquisition will help
it both make an entry into the housebuilder sector, as well as expand its existing share of business in the A&D market. As the CTD brand is considered “complementary” to Topps Tiles’ existing business, the newly acquired stores will continue to trade under the CTD name.
VitrA reveals first Vitality Partner for Northern Ireland
FOLLOWING THE launch of its Vitality Partner Programme earlier this year, bathroom supplier VitrA has named Cadco as its first participating retailer in Northern Ireland. Established in 2010, Cadco is an independent and family-run company with
a bathroom showroom in Lisnaskea, County Fermanagh. According to VitrA, its team is renowned for its reputation of supplying quality products with top personal customer service. The supplier’s new Vitality Partner Programme is a scheme designed
specifically for bathroom showrooms, which the company says offers a package of benefits entirely focused on helping retail businesses thrive. It includes popular VitrA ranges such as Sento, Root and Integra as well as the new additions for 2024, such as the M-Line range. Following Cadco’s appointment to VitrA’s Vitality Partner Programme, the
retailer will also be able to enjoy the brand’s full partner package, which includes guaranteed availability, fast delivery, and a dedicated customer phone line. Danielle Cadden, showroom manager at Cadco NI, said the company was
excited about the partnership, adding: “The team and I are looking forward to exploring the colourways, striking tones and sleek designs from VitrA.”
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