Topps Tiles acquires CTD brand and assets out of administration for £9m

FTSE-listed Topps Tiles has acquired CTD Tiles out of administration for £9m as it looks to enter the housebuilding segment.  The purchase included CTD Tiles’ brands, 30 stores, selected stock and customer data, Topps said.  CTD, which supplied tiles to the retail, trade and commercial markets, entered administration on 19 August after a wider downturn [...]