Italtile Limited (JSE:ITE)
Italtile Limited (JSE:ITE) is a leading retailer and manufacturer of tiles, bathroomware and related products. The Group operates as a national franchisor of its three high profile retail brands, Italtile Retail, CTM and TopT. The retail operations are underpinned by an extensive property portfolio and a vertically integrated supply chain comprising International Tap Distributors (an importer and distributor of brassware and accessories), and Cedar Point, (an importer of shower enclosures, laminated boards, cabinets, sanitaryware, décor and tiling tools). The Group holds controlling interests in both businesses.
Effective 2 October 2017, the Group acquired a 95.47% stake in Ceramic Industries, the leading manufacturer of glazed porcelain floor tiles, ceramic wall and floor tiles, vitreous china sanitaryware and acrylic baths and shower trays. Following the acquisition, the Group now also holds a 71.54% in Ezee Tile, a manufacturer of grout, adhesives, paint, and related products.