Focused on showers, shower enclosures, trays, taps, bathroom accessories, tiles and adhesives.
Norcros plc floated on the London Stock Exchange on 16 July 2007. The Group had previously been listed on the LSE until 1999, when it was subject to a management buyout. Until that point the Group had a number of subsidiary undertakings in the home consumer products and speciality chemicals sectors. During its period as a private company (1999–2007), the Group focused on its home consumer products following a number of strategic disposals and investment in its remaining businesses. The result was to form the shape of the business as it is today. The Board decided to return to the stock market in 2007 to provide access to new capital to fund further growth in its now clearly defined markets.
Disposal of Johnson Tiles UK
Acquisition of Grant Westfield, manufacturer and distributor of luxurious wall panels
Acquisition of House of Plumbing, a market leading supplier of specialist plumbing materials
Acquisition of Merlyn, the UK and Ireland’s No 1 supplier of shower enclosures and trays
Acquisition of Abode, a leading UK business which designs, markets and distributes kitchen taps, sinks, bathroom brassware and showering solutions
Acquisition of Croydex, our market leading manufacturer and distributor of high quality bathroom furnishings and accessories
Disposal of Johnson Tiles Australia
Acquisition of Vado, our leading manufacturer of taps, mixer showers, bathroom accessories and valves
Disposal of investment in Beaumont Tiles Australia
Capital raising of £27.7m to pay down expensive debt
Disposal of investment in H&R Johnson India
Relisting of the Group on the London Stock Exchange
Acquired 14 freehold properties in South Africa relating to its retail operations under an option agreement plus two long leaseholds
Re-entered the UK tile adhesive market with the Norcros and Johnson Professional range of products
Sale of Autotype (speciality chemicals business)
Acquisition of Tile Africa, our leading South African tile retail business
Completed restructuring of Johnson Tiles manufacturing operations in the UK from four sites to a single state-of-the-art site in Stoke-on-Trent
Sold UK and Australian adhesive businesses to Ardex