Nestware Holdings Limited (“NHL”), part of the Meditor Group, has today completed the acquisition of Carpet & Flooring (Trading) Limited (“Carpet & Flooring”).
NHL has acquired the business from Endless LLP, the private equity company that has owned Carpet & Flooring since 2017. Lisa Tomlin, CEO of Carpet & Flooring, will continue to lead the business along with her existing management team. This addition will extend NHL’s reach into the contract and business-to-business flooring space and presents excellent growth potential, alongside valuable synergies in operations and logistics.
Talal Shakerchi, Director of Meditor and Founder of the Meditor Group said: “We are delighted to extend our reach into the contract and business-to-business markets by bringing Carpet & Flooring, Contemporary Trade Flooring and Flooring Megastore into Meditor.”
Wilf Walsh, Chairman, NHL commented:
“We’re pleased to be adding Carpet & Flooring into NHL and feel the business will sit well beside our current brands. I look forward to working with Lisa in my new role as Chairman, and to continuing to strengthen the NHL stable with further acquisitions.”
Lisa Tomlin, CEO, Carpet & Flooring added:
“I believe NHL is the ideal owner to ensure Carpet & Flooring is able to realise its growth potential and I look forward to working with their team to help that happen.”