Norcros was subject to a management buyout in 1999, having been listed on the London Stock Exchange.

The MBO was backed by a consortium of venture capital firms, including Bridgepoint.

Since the MBO Norcros has made a number of disposals, most recently the 2005 disposal of our Autotype division (a specialist chemicals business), in order to be a group focused on showers and ceramic wall and floor tiles for homes and public buildings.

Norcros has made substantial investments in its principal businesses.

The Group decided to return to the stockmarket to provide access to new capital to fund further growth.

Norcros plc floated on the London Stock Exchange on 16 July, 2007.

June 2010

Disposal of investment in Beaumont Tiles Australia

Dec 2009

Capital raising of £27.7m to pay down expensive debt

July 2008

Disposal of investment in H&R Johnson India

July 2007

Listing of Norcros plc on the London Stock Exchange

Mar to May 2007

Acquired 14 freehold properties in South Africa relating to its retail operations under an option agreement plus two long leaseholds

Aug 2005

Re-entered the tile adhesive market in the UK with two new brands, Norcros and Johnson Professional

Jun 2005

Sale of Autotype (speciality chemicals business)

Dec 2004

Norcros South Africa acquisition of TAF, tile retailer

2004

Completed three year restructuring of HRJ manufacturing operations in the UK from four sites to a single state-of-the-art site in Stoke-on-Trent

Nov 2001

Sold Adhesive Division, except for TAL and Industrial Mining, to Ardex

Nov 1999

Business taken private by MBO with equity backing principally from Bridgepoint Capital