Commercial operations are likely to drive growth at tiles retailer Topps Tiles (LON: TPT) and management intends to build up a significant commercial division over the next five years.
Earlier this year, Topps acquired 80% of Strata Tiles, which has a customer base of architects and designers. This adds further scale to the commercial division based on the previous acquisition of Parkside in August 2017.
The commercial sector accounts for 45% of UK tile sales and had not been targeted by Topps previously. That means that the potential market for the group has nearly doubled. This is a ...
