Norcros PLC has successfully completed the sale of Johnson Tiles UK to its existing management team, as announced on 25 April 2024. Thomas Willcocks, CEO of Norcros PLC, expressed satisfaction with the completion of the sale, emphasizing the company's strategic priorities and the impact of the sale on its growth strategy. The sale will enable Norcros to focus on and accelerate the execution of its growth strategy, aligning its capital allocation accordingly. Norcros PLC thanked Johnson Tiles UK for its significant contribution and wished the managing director and the team success for the future.

Norcros PLC is a market-leading designer and supplier of high-quality bathroom and kitchen products in the UK, Europe, and South African markets. In the UK, the company operates under six brands, including Triton, Merlyn, Grant Westfield, Vado, Croydex, and Abode. In South Africa, Norcros operates under four brands, namely Tile Africa, House of Plumbing, TAL, and Johnson Tiles.

The completion of the sale of Johnson Tiles UK aligns with Norcros PLC's strategic priorities, emphasizing M&A, Organic Growth, Operational Excellence, and ESG. The company's focus on these priorities will be further strengthened following the sale, allowing Norcros to concentrate on its growth strategy and capitalize on its market-leading position in the industry.