Italtile Limited is a leading franchisor retailer and manufacturer of tiles, bathroomware and related products. The Group operates as a national franchisor of its retail brands, Italtile Retail, CTM, TopT and U-Light. The retail operations are underpinned by an extensive property portfolio and a vertically integrated supply chain comprising International Tap Distributors (an importer and distributor of brassware and accessories), and Cedar Point, (an importer of shower enclosures, laminated boards, cabinets, sanitaryware, décor and tiling tools). The Group holds controlling interests in both businesses. Effective 2 October 2017, the Group acquired a 95.47% stake in Ceramic Industries, the leading manufacturer of glazed porcelain floor tiles, ceramic wall and floor tiles, vitreous china sanitaryware and acrylic baths and shower trays. Following the acquisition, the Group now also holds a 100% in Ezee Tile, a manufacturer of grout, adhesives, paint, and related products. The group trades through two branded national retail chains, Italtile and CTM, each focused into a specific market segment, and supported by specialist service departments. Italtile Limited operates in Southern Africa through 95 stores comprising 7 Italtile stores, 80 CTM stores and 8 Top T stores. The group is positioned as a major franchisor, focused on streamlining the parent operation while growing market share and fostering entrepreneurial opportunities through their franchise programme. The group commenced trading in Sydney, Australia in 1998 and now operates 9 outlets across Queensland and New South Wales. Brand Profile The Italtile brand is positioned as a fashion leader in the retail of ceramic tiles, offering a wide product range of uncompromising quality at accessible prices. CTM is the cash-and-carry chain of retail outlets in the Italtile stable, offering a value priced range of product to the trade and do-it-yourself market.