National Tiles seeks a buyer
The AFR reported that National Tiles has made a growth pitch to potential buyers, telling tyre-kickers it has racked up 17 years of uninterrupted sales growth. The privately-owned retailer has informed the market that its sales have grown 12% a year since 2016 while maintaining "its strong margins and disciplined cost management." Bankers reckon likely buyers include offshore strategics and domestic parties that also focus on selling goods into homes, including GWA and Reece. Private equity is also expected to be in the mix.