Mo Iqbal, Chairman of Tile Mountain Ltd, has purchased the Coventry-based Capitol Tile Group, formerly one of the UK’s largest tile distributors. Following many years of successful trading, Capitol had recently experienced financial difficulties and went into liquidation last week. Iqbal has purchased the wholesale and distribution side of the business from the administrators. The Capitol Tile retail outlets have been purchased separately by a third party.
“I have known the Capitol Tile Group for many years having previously been one of its customers," says Iqbal. "I, like many others are saddened that it has fallen into administration. I am however delighted that in purchasing its wholesale and distrubition divisions that I am able to secure the roles of seventy of its current staff, some of whom I have personally known since first setting out in the tile industry.”
“The business will remain in Coventry, and the management team will be led by myself and Jeremy Harris as Directors. We will apply our knowledge of the industry, alongside the latest advancements in technology, to improve the business’ offering, so that once again the Capitol Tile Group will be recognised as a leader in the B2B sector of the industry. I believe this acquisition will sit perfectly alongside Tile Mountain, and that the synergy between the two businesses will be of benefit to both our consumer and trade customers.”
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