Norcros - increased focus on driving UK/European potential

105 Views13 May 2026 23:00

Issuer-paid

SUMMARY

In a strategic update, Norcros is proposing to exit trading in South Africa by exploring options to sell its operations there: this would increase focus on UK/European market development in its core bathroom products segments.
The South African operations comprise a significant bathroom retailer (Tile Africa, 50%+ sales), trade-oriented House of Plumbing (c.25%) and a leading tile adhesive business (TAL, c.20%) - under a strong, autonomous leadership team.
Post a disposal, we believe Norcros is in a strong position to accelerate expansionary ambitions subject to the right M&A opportunities arising.

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