South African PE firm announces acquisition of Tiletoria
Resolve, through its Resolve Private Equity Fund I and in partnership with management, has acquired tile company Tiletoria.
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South African fund manager Resolve, through its Resolve Private Equity Fund I and in partnership with management, has acquired tile company Tiletoria.
Established in 1995, Tiletoria has grown to become one of South Africa’s foremost tile and bathroom specification businesses, supplying major retailers, property developers and commercial projects. Tiletoria’s focus is not on direct-to-consumer sales but on supplying high-volume, project-based clients. The company provides tailored product sourcing and design solutions to clients such as Woolworths, Checkers, Clicks, KFC as well as residential developers.
“While investor attention often gravitates towards emerging fields such as technology and energy, we continue to see attractive opportunities in traditional business models that are integral to South Africa’s industrial base,” says Phumi Twantwa, partner at Resolve. “Tiletoria operates in a sector that is expected to deliver growth, driven by renewed infrastructure activity, local procurement priorities, and steady consumer demand. It’s also a business that quite literally touches the lives of South Africans every day – in their homes, shopping centres, favourite take-away joint and workplaces.”
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