3rd Apr 2008 07:01
Travis Perkins PLC03 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 homeimprovement retailer, announces that it has acquired the entire issued sharecapital 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 from16 outlets predominantly in the North East of England and Scotland. UnderlyingEBITDA for the year ended 30 April 2007 amounted to £1.3m. Gross assets at 30April 2007 were £3.2m. Tile It All complements our existing portfolio of recently acquired tilebusinesses, Tile Giant and Tile Magic. The acquisition represents an excellentgeographic fit and significantly increases our move towards full nationalcoverage. Together, our tile businesses now operate from 67 stores across thecountry. Geoff Cooper, Chief Executive of Travis Perkins said: "Under the entrepreneurial leadership of Managing Director, Mo Iqbal, our tilebusinesses are set to become a major force in this attractive and growingmarket. The acquisition of Tile It All provides excellent growth in our businessand branch network and is consistent with our strategy of investing in specificadjacent market segments." - ends - Enquiries: Geoff Cooper, Chief ExecutiveTravis Perkins PLC +44 (0)1604 683 222 Mark Longson/David BickSquare1 Consulting Limited +44 (0)20 7929 5599 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Travis Perkins