CTD Tiles, has announced its acquisition by private equity group Aurelius Investments. Previously under the ownership of Saint-Gobain, the sale comes at an exciting time of growth for the company as it takes its first steps as a standalone business. The acquisition includes all brands under The CTD Group.
Aurelius invests in European, middle market, private and public companies. Aurelius has a track record of successful investments in more than 50 companies in numerous geographies, industries and sectors and liquid cash resources for investment of over £200m.
Mike Dent, managing director, CTD Group, said: “I am delighted to share the news of our acquisition by Aurelius. We have ambitious growth plans for CTD Tiles, which we feel will be best realised by establishing ourselves as a standalone business. We look forward to taking these next steps into this exciting new era.”
With a strong focus and commitment to digital growth, Aurelius will proactively work with CTD’s management team to leverage its B2B market position by expanding its e-commerce offering and to continue the company’s operational development. Additionally, Aurelius sees opportunities for new trade counter openings and new branch openings in key locations across the UK to further stimulate revenue and profit growth.