CTD Tiles, one of the UK’s leading tile distributors, has announced its acquisition by private equity group Aurelius Investments.
Previously under the ownership of Saint-Gobain, the sale heralds an exciting time of growth for the company, as it takes its first steps as a standalone business.
The acquisition includes all the brands under The CTD Group.
As the company sets its sights on growth, it is confident that Aurelius is the ideal new owner for the business. “I am delighted to share the news of our acquisition by Aurelius,” says Mike Dent, Managing Director CTD Group. “We have ambitious growth plans for CTD Tiles, which we feel can now be brought forward as we enter this new phase in the company’s history. We are operating in a buoyant market, we have a great team working for us and I am very much looking forward to taking the next steps into this exciting new era.”
With a strong focus and commitment to digital growth, Aurelius will proactively work with CTD’s highly experienced management team to leverage its leading B2B market position by expanding its e-commerce offering and continuing the company’s operational development. Aurelius has also indicated that it will support new trade counter and branch openings in key locations across the UK, along with potential merger and acquisition targets, to further stimulate revenue and profits growth.
Aurelius invests in European, middle market, private and public companies, with a track record of successful investment in more than 50 companies in numerous geographies, industries and sectors and liquid cash resources for investment of over £200m.