Victoria Acquires Florida-Based International Wholesale Tile
Kidderminster, UK, October 19, 2022-Victoria-a U.K.-based designer, manufacturer and distributor of flooring-has acquired International Wholesale Tile (IWT) for $28.5m, according to The Business Desk.
“IWT is a distributor of ceramic and porcelain tiles, natural stone, luxury vinyl tiles, and decorative glass tiles based in Florida and for the 12 months ended 31 March 2022, IWT generated unaudited revenues of $63.2m.
“The firm sources product from suppliers in Europe, Asia, and South America and distributes from a company-operated, 220,000 square foot distribution facility located in Palm City (about 80 miles north of Fort Lauderdale) to more than 1,700 dealers in Florida and across the United States.
“Leading 122 employees, IWT’s management team has committed to continue to manage the business for a minimum term of four years.”