Stokesley flooring firm Genesis acquired by French vinyl specialist Gerflor
Tile and flooring brand Genesis has been acquired by French group Gerflor in an undisclosed deal.
The £16.1m turnover Stokesley firm, which also has offices Columbia and India, has become part of the €1.5bn turnover group which has UK operations in Cheshire. Genesis employs about 55 people and sells products in more than 70 countries, having been established in the late 1980s.
Aidan Bruce, the sole shareholder of Genesis, said: “I am delighted with the way the transaction has gone. Gerflor is established in more than 100 countries and is continuously developing its activities in new markets. In acquiring Genesis, Gerflor’s directors saw an opportunity to add further depth to the Gerflor range and at the same time, expand its marketplace.
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