Meditor buys Carpet & Flooring with Walsh to step down as Carpetright boss
Carpetright parent Meditor has purchased flooring wholesaler Carpet & Flooring from private equity firm Endless, which had owned it since 2017.
Lisa Tomlin, Carpet & Flooring ceo will continue to lead the business along with her existing management team. This addition will extend Meditor’s reach into the contract and business-to-business flooring space and presents excellent growth potential, alongside valuable synergies in operations and logistics.
This is Meditor’s fourth flooring acquisition after Carpetright, FlooringSupplies.co.uk, and last month’s deals for Contemporary Trade Flooring and Flooring Megastore.co.uk. To house the companies Meditor has formed Nestware Holdings, of which Wilf Walsh, Carpetright ceo (pictured) has become chairman.
He will continue to lead Carpetright until a suitable successor has been found.
‘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,’ says Talal Shakerchi, Meditor Group founder.
‘We’re pleased to be adding Carpet & Flooring 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 stable with further acquisitions,’ says Walsh.
‘I believe NH 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,’ says Tomlin.