Norcros sells Johnson Tiles UK

Bathroom and kitchen products provider Norcros has finalised the sale of its subsidiary, Johnson Tiles UK.

The sale for £1m to its UK management team comprising managing director Stephen Dixon, commercial director Rich Kelsall and procurement director Jason Bridges was first announced in April.

Thomas Willcocks, chief executive of Norcros plc, said: “We are pleased to have completed this sale as planned. At our recent Capital Markets Event we reiterated our strategic priorities, namely M&A, Organic Growth, Operational Excellence and ESG and we will continue to ensure that our capital allocation is aligned accordingly.

“This sale will allow Norcros to focus on and accelerate the execution of our growth strategy. Johnson Tiles UK has been a long-standing partner of the Group and we thank them for their significant contribution.”