Business
Acquisition of CTD Tiles - CMA update
Acquisition of CTD Tiles - CMA update.
About this update from Topps Tiles Plc
[{"type":"text","content":"\n\n3 March 2025\n \nTopps Tiles plc\n(\"Topps Group\" or the \"Company\")\n\n\nAcquisition of the brand and certain assets of CTD Tiles - CMA update\n \nFurther to its announcement on 17 February concerning the result of the CMA's Phase I investigation, the Company is pleased to note that the CMA has approved in principle its proposed remedies in lieu of a Phase II investigation.\nThe Company will continue to work with the CMA in a constructive and professional manner, as it has done throughout this process.\n \nFor further information please contact:\nTopps Tile Plc\nRob Parker, CEO 0116 2828000\nStephen Hopson, CFO\n \nCitigate Dewe Rogerson\nKevin Smith 020 7638 9571\n \nNotes to Editors\nTopps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the UK domestic and commercial markets and serving homeowners, trade customers, architects, designers and contractors from 300 nationwide Topps Tiles stores, a commercial showroom in London and nine customer-facing websites: www.toppstiles.co.uk, www.parkside.co.uk, www.protilertools.co.uk, www.northantstools.co.uk, www.premiumtiletrim.co.uk, www.warmfloorstore.co.uk, www.flooringmaterials.co.uk, www.tilewarehouse.co.uk and www.ctdtiles.co.uk.\nSince opening its first store in 1963, Topps has maintained a simple operating philosophy ‐&nb...