Meditor acquires Carpet & Flooring as Wilf Walsh becomes chairman of Nestware
Meditor Group’s Nestware Holdings has completed the acquisition of Carpet & Flooring, one of the UK’s largest distributors of floor covering products and accessories.
Established in 1992, the business operates from a head office in Redditch and currently serves customers from 11 sites across England, Scotland and Wales.
Nestware has acquired the business from private equity firm Endless which has owned Carpet & Flooring since 2017. Following the acquisition, Lisa Tomlin, chief executive of Carpet & Flooring, will continue to lead the business alongside the existing management team.
Tomlin said: “I believe NHL is the ideal owner to ensure Carpet & Flooring is able to realise its growth potential and I look forward to working with their team to help make that happen.”
This is the third aquisition in recent months for Nestware following the expansion of its digital footprint with the purchase of FlooringSupplies.co.uk in September 2020 and the business and assets of Contemporary Trade Flooring and Flooring Megastore.
Talal Shakerchi, director of Meditor and founder of the Meditor Group, said: “We are delighted to extend our reach into the contract and business-to-business markets by bringing Carpet & Flooring, Contemporary Trade Flooring and Flooring Megastore into Meditor.”
Meanwhile, Carpetright chief executive Wilf Walsh has been appointed as chairman of Nestware Holdings where he will be responsible for overseeing Carpetright, FlooringSupplies.co.uk, Flooring Megastore, Carpet & Flooring and any future acquisitions. He will continue to lead Carpetright until a suitable successor has been found.
Walsh said: “We’re pleased to be adding Carpet & Flooring into NHL and feel the business will sit well beside our current brands. I look forward to working with Lisa in my new role as chairman, and to continuing to strengthen the NHL stable with further acquisitions.”
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