Business
Alusid reaches milestone in European roll out
Frontier IP Group plc announces that its portfolio company, Alusid Limited, has secured a significant European distribution agreement with Tegelgroep Nederland, a leading wholesaler in Belgium, the Netherlands, and Luxembourg. This partnership will make Alusid's sustainable Mas floor tiles widely available in the Netherlands, with Tegelgroep also serving over 600 retail outlets across the Benelux region. Tegelgroep is part of BME Group, which generates over €5.5 billion in annual revenues. This development, following Alusid's pre-IPO funding round, strengthens its position as it explores a potential Initial Public Offering, highlighting the growing market appeal of its products made with over 95% recycled materials and a lower carbon footprint. Disclaimer*
About this update from Frontier Ip Group Plc
[{"type":"text","content":"\n\nReach - a non-regulatory announcement\nAIM: FIPP\n23 March 2026\n \nFrontier IP Group Plc\n(\"Frontier IP\" or the \"Group\")\n \n \nPortfolio news - Alusid reaches milestone in European roll out with Tegelgroep Nederland agreement\n \nFrontier IP, a specialist in commercialising intellectual property, today announces that portfolio company Alusid Limited (\"Alusid\" or the \"Company\") has reached a significant milestone in its European roll out plans following an agreement between Dutch sustainable materials specialist FRONT Materials BV (or \"Front\") and Tegelgroep Nederland (\"Tegelgroep\" or the \"Wholesaler\"), a leading wholesaler across Belgium, the Netherlands and Luxembourg (\"Benelux\"). Frontier IP holds a 36.16 per cent equity stake in the Company.\nThe partnership will initially see Alusid's tiles made widely available in the Netherlands. Tegelgroep has already started stocking Alusid's products and will sell them directly to businesses across the country. More broadly, the Wholesaler also sells to more than 600 retail outlets in Benelux. It is part of BME Group, which generates more than €5.5 billion a year in revenues and operates across Germany, Switzerland, Spain and Portugal, as well as Benelux.\nThe first range to be stocked by Tegelgroep is Alusid's range of sustainable Mas floor tiles, with initial distribution focused on the Netherlands. Alusid announced a distribution deal with Front last year.\nThe stocking order of Mas also marks the start of a partnership between Front and Tegelgroep Nederland under their sustainability label CERALUTION, the launch of which will be at Material District in Utrecht from the 4th of March to the 6th of March.\nAlusid completed a pre-IPO funding round last year and news that it is now generating sales in Europe provides a further boost as the Company continues to explore the potential for an Initial Public Offering.\nThe Company's proprietary manufacturing processes typically use more than 95 per cent recycled materials and offer a significantly lower carbon footprint than traditional ceramics. Existing customers include Starbucks EMEA and Topps Tiles plc, which now markets two Alusid-made ranges across its UK retail chain. Parkside Architectural Tiles, the commercial arm of Topps Tiles, recently launched...