In a bid to further grow its commercial business, Topps has paid £3.3milion for 80% of the issued share capital of Strata Tiles Ltd, a supplier of tiles to the commercial market.The deal also provides options to purchase the remaining 20% of the issued shares in Strata by 2021, which would cost Topps a further £2million, “subject to performance targets over a two-year period”.Under the terms of the agreement, Strata founders Jonathan Wiles and Paul Wallis, who established the business in 2002, will remain with the company. Strata will be integrated into Topps Tile Group's Commercial business unit, established following the acquisition of Parkside Tiles in August 2017.  The Strata brand will be retained.Topps plans to retain the Strata brand, which is a recognised and respected name in commercial tile supply. The company, operates offices in Guildford and a showroom in Bermondsey and is a leading supplier of quality porcelain, polished concrete, mosaics, natural stone and technical...

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