Topps Tiles to acquire an 80% stake in Strata Tiles for £3.3m.

Topps Tiles, the UK’s tile specialist, agreed to acquire an 80% stake in Strata Tiles, a brand in commercial tile supply, for £3.3m. The acquisition of Strata will add additional scale to Topps’ fast-growing commercial business as it seeks to build a leading position in the commercial tile market. “Our commercial business is already expanding at pace, with sales in the first half growing by around three times year on year. The acquisition of Strata will accelerate this expansion and demonstrates our commitment to building a commercial business of quality and scale.” Matthew Williams, Topps Tiles Chief Executive.