Frontier IP Group Plc announces that its portfolio company, Alusid Limited, has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial arm of Topps Tiles Plc. The Mas range is made from 95-98.5% recycled content and has a low carbon footprint, meeting the construction industry's sustainability targets. The tiles have been extensively tested, are hardwearing, and have porcelain grade breaking strength. Alusid raised £1.13 million in January 2024 and is progressing with plans for an initial public offering later this year.
The Alusid-made Principle range, launched into the Topps retail chain last year, was named Wall Tile of The Year by The Tile Association at its annual awards. Alusid's CEO, Alasdair Bremner, expressed pride in bringing the Mas range to the market and achieving a considerable reduction in the carbon footprint of their first floor tile. Topps Group Buying Director Tim Tatlock highlighted the market-leading levels of innovation in recycled content floor tiles achieved through the Alusid and Topps Group partnership.
Frontier IP Chief Executive Neil Crabb expressed delight in Alusid's successful development and launch of its first range of floor tiles, emphasizing its potential to strengthen its appeal to investors as it explores an initial public offering. The Mas carbon footprint is 5.90kg per m2, 45% lower than the average Spanish tile, as established by the Spanish Tile Manufacturers Association EPD. Alusid's carbon footprint was established by the Materials Processing Institute, with the Environmental Product Declaration expected to be published by July 2024.
Alusid creates premium-quality tiles and architectural surfaces by recycling industrial waste ceramics, glass, and other materials, distributed in the UK by Topps Tiles and Parkside Architectural Tiles. The company also makes its own surface products under the brand name SilicaStone, with customers including COS, Christian Dior, Nando's, Harrods, and Amazon UK. This announcement was made through Reach, an investor communication service aimed at distributing media-only news releases into the public domain.