Macc flooring firm Gradus sold

MACCLESFIELD-based floor coverings specialist Gradus has been sold to ICG, parent company of Gerflor, Midfloor SAS.

ICG claims to a global leader in the manufacture of vinyl flooring.

The deal announced investor tranformational private equity investor Endless – with offices in Manchester, London and Leeds and assets nearing £1bn – has generated an IRR of 65% for Endless’ investors in its third Fund raised in 2011.

The sale follows on the recent exit of FMG to Redde Group Plc in October and is the third successful exit generating realised returns to date of 3x in total.

Gradus was founded more than 50 years ago and has evolved from being a manufacturer and supplier of flooring accessories into a more broadly based commercial interior solutions provider offering solutions for floorcoverings, barrier matting, wall protection and lighting design in addition to a comprehensive range of stair edging and floor trim profiles.