Nemo Tile + Stone, a provider of design-driven surface materials, has announced its acquisition of Tile Market of Delaware. Marking the brand’s second acquisition (following the November 2021 acquisition of Modern Stone Consulting) the company seeks to broaden its retail footprint within the east coast markets.
Family founded in 1996, Tile Market of Delaware distinguished itself as a tile distributor and stone fabricator in the mid-Atlantic region and is now said to “dominate” the state’s tile and stone market. The business is headquartered in Wilmington, Delaware with a 73,000sqft warehouse which supports the region’s retail, builder, designer, and contractor industries, in addition to serving as a 10,000sqft design showcase and delivery centre for domestic and international tile.
“The union of these businesses creates a strong alliance that will be the basis for growing our national footprint while maximising the effectiveness of our supply chains, the range of our product offerings, and the depth of our vertical and horizontal surface applications,” says Matthew Karlin, CEO, Nemo Tile + Stone. “The cultures and ambitions are closely linked to make it easier to execute strategic plans for long-term growth and integration in both the commercial and residential sectors.”
Tile Market of Delaware is a significant supplier of goods for both Delaware and the tri-state region, with satellite showroom/warehouse operations in Middletown and Lewes, DE. Tile Market of Delaware also sells goods around the country thanks to the recent introduction of its national brand, Urban Coast Tile, a specialised brand that targets upscale coastal regions. The Stone Shop, its fabrication branch, is also based in Wilmington and creates natural stone and quartz countertops, and bath and fireplace surrounds.
“Tile Market of Delaware prides itself on its ethos of continuous improvement and is ready for this new period with Nemo Tile + Stone. We have aligned with Nemo Tile + Stone in recognising and respecting each partner’s unique contribution to the group, which is what drew us together. Diversity, exclusivity, and creativity are critical to the business model we envision,” said John Watson, CEO, Tile Market of Delaware.