Tilemaster bought out by kerakoll

[WetSaw]

but still no one has explained to me the reason for this operation............

Brexit!

 

[Flintstone]

but still no one has explained to me the reason for this operation............

To allow tilemaster to grow, I think they needed financial input

 

[Italy]

To allow tilemaster to grow, I think they needed financial input

almost....
And a kerakoll?

 

[Italy]

but think also
That with time, will still remain the brand tilemaster?

 

[Flintstone]

Kerakoll are small in the U.K. So for them to own tilemaster, makes them money

 

[Ajax123]

It always seems to me the quality of grout and adhesives is subjective as different tiles have different requirements and opinions. Some say this is trap and that is good and vice versa. You get the same with screeds. If they were as crap as some folks say then they would not be successful would they? And vice versa if they were perfect for all they would rule the market...

 

[Dumbo]

Brexit!

I agree gives them a post brexit route into uk probably .
Maybe we will start getting BMW s badged up as Tvr . Mind you if Donald has anything to do with it we will all be driving pontiacs and chevvies ( couldn't spell Chevrolet )

 

[Lee@emctiles]

from a stockist POV, i dont think kerakoll buying TM is a bad thing, Tm are a string brand, kerakoll are big in europe but not in UK. Think TM will continue to develop new products and remain customer friendly.

from a personal POV ive grown very found of the Kelly family behind TM and im really pleased for them.

 

[Dougs Third Go]

whatever is happening, I do hope nothing changes with Tilemaster's adhesives and grout.

 

[Italy]

The acquisition announced by the English competitor Tilemaster Adhesive Ltd. of Kerekoll, the Modenese Group, is only the first step of an extended growth path for external lines, so the world's leading construction material company has put 100 Millions of euros The next three years. "We have five dossiers in hand, our goal is to score at least one acquisition per year, shifting the different quadrants of international markets," anticipates Gian Luca Sghedoni, a company founded by his father in 1968 in Sassuolo, Emiliano's heart Ceramic District. It is in a garage with tile adhesive chemicals and has become a green building company with a turnover of 420 million euros and 1,350 employees in the front line of ecologically sustainable building products (R & D activities each year absorb more than 20 million of Euro).
The first step Kerakoll has formalized yesterday, signing the contract for the purchase of 100% of the capital stock of Tilemaster Adhesive Ltd. The UK's UK family in the United Kingdom produces and markets laying systems (not only for ceramics), Founded in 1990 by the Kelly family, which will remain at the wheel of the entrepreneur, with 16 million pounds of turnover (18 million euros), 55 employees and one plant in Leyland, Lancashire, now have reached saturation. "We are planning to invest £ 30 million (€ 34 million) on the English site in the next four years - says the former - to expand and optimize the Leyland factory, then to build a new production plant and a new research center , The most modern and technological of our industry in the world, where we produce both the Tilemaster and Kerakoll brands. We are locating the terrain between Birmingham and London, we expect to start construction sites in 2018
The operation in Lancashire allows Sghedoni to marry the efficient logistic network and the excellent reputation of the English brand (in a market with sustained demand and high sensitivity to green issues) with Kerakoll technologies and volumes, Single player In our competitive arena They have a portfolio with four complementary technologies: premixes, epoxy resins, paints and silicones (hydrocarbon polyurethanes), "he says. Exports still account for less than half of the company (45%) of the Sassolese group. Through the internationalization plan, which accompanies organic growth, Kerakoll aims at a turnover of 500 million euros for two years, bringing exports to 55%, then stabilizing it around 60%.

 

[Perry]

That's what every European adhesive manufacturer thinks.
Remember PCI? 3 attempts and backed out.


Tilemaster and Pci Products are very very very Similar.