Kerakoll promises investment following purchase of Tilemaster Adhesives

International tiling firm Kerakoll has purchased Leyland-based Tilemaster Adhesives and has promised to invest £30m developing its Lancashire facility and expanding its product range.

Tilemaster’s managing director, Mark Kelly, and the rest of the team will continue in their roles, with 'business as usual' at the firm.

He said: “It’s been an incredible journey at Tilemaster over the last few years and our family has taken the decision to sell the company to Kerakoll in order to take our journey to another new and exciting chapter.

"Time spent with the Sghedoni and Kerakoll family over the last few months has shown that our families and companies have many similarities and synergies; it was clear that Kerakoll is the perfect fit for Tilemaster Adhesives to work with, to continue the growth of both companies.

"Working together will provide us with a wealth of experience and investment to ensure that we continue to maintain our high levels of product innovation, product performance, service, support and care for our customers."

Gian Luca Sghedoni, CEO at Kerakoll, said: "We’re delighted about the acquisition of Tilemaster Adhesives; the company has grown considerably in recent years and is incredibly well thought of by the industry, in terms of its product innovations and customer service.

"The acquisition establishes Kerakoll Group as a market leader in the UK tiling and flooring industry – and it’s just the beginning. Over the next four years, we plan to invest £30m to expand the production plant in Leyland; identify an additional UK production site and construct a new research and development centre, as well as new offices.

"Product ranges will also be extended and new Kerakoll technologies introduced." Tilemaster was advised by Forbes Solicitors and McMillan & Co LLP whilst the buyers were advised by DLA Piper.