Further to the announcement on 25 April 2024 of the proposed sale of Johnson Tiles UK to its existing management team, Norcros plc (LON:NXR) has announced the completion of the sale on 19 May 2024.
Thomas Willcocks, CEO 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. We wish the Managing Director, Stephen Dixon, and the team every success for the future.”
