Family-run tiling firm set for £30m investment after buyout

Gian Luca Sghedoni, CEO at Kerakoll, left, and Mark Kelly, managing director, Tilemaster

Family-run Tilemaster Adhesives has been sold to international green building company Kerakoll, which is now planning a £30m investment at its Leyland, Lancashire plant, for an undisclosed sum.

Tilemaster’s managing director Mark Kelly and the rest of the team of nearly 50 staff, including Paul and Rhona Kelly will continue in their roles with “business as usual” at the firm.

Mark Kelly said: “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.”

Kerakoll chief executive Gian Luca Sghedoni said: “We’re delighted about the acquisition of Tilemaster Adhesives. The 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.”

The deal was brokered by Forbes Solicitors’ Corporate’s acquisition team.

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.”

Click here to sign up to receive our new South West business news...
Close