Audio Note: Norcros – Sale of Johnson Tiles UK streamlines the business and improves operating margin

In this audio note, Zeus’ Andy Hanson summarises the investment case for Norcros.

Norcros has announced the sale of its Johnson Tiles UK business to the current management team for a consideration of £1.0m, with a further modest earnout based on the equity value of the business, both payable in April 2028.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.

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