LONDON, Aug. 19, 2019 /PRNewswire/ -- Hilco Streambank (www.hilcostreambank.com) has announced completion of the sale of the intellectual property assets of British Ceramic Tile Limited (in Administration) to Al Murad, Britain's largest independent tile and natural stone distributor and retailers which operates over 70 stores across the UK. The acquisition follows a competitive bidding process run by Hilco Streambank on the appointment of Anthony Wright, Alistair Massey and Andrew Sheridan of FRP Advisory LLP as the Joint Administrators of British Ceramic Tile Limited (in Administration). Deal terms were not disclosed.
Al Murad's acquisition includes: the "British Ceramic Tile" and "National Tile Week" brands; registered trade marks; the recently re-launched BritishCeramicTile.com e-commerce website; domain names; and an extensive portfolio of appealing product designs.
Prior to entering Administration in January 2019, British Ceramic Tile was the UK's largest manufacturer and distributor of ceramic wall and floor tiles. It had a long-standing heritage and stellar reputation for quality products. With a history dating back to the 1870s, the British Ceramic Tile brand is a respected heritage brand associated with passion for British quality and design.
Hilco Streambank Managing Director Nat Baldwin commented, "We are delighted to have found a fitting home for the British Ceramic Tile brand, designs and other key assets, following a competitive sales process. We congratulate Al Murad on its strategic acquisition."
Al Murad's Operations Manager Asif Badat commented: "British Ceramic Tile is recognized as a leading ceramic wall and floor tiles brand globally, known for innovative British design-led products. We were determined to keep the brand in Britain. Following this acquisition, we are stronger positioned to provide not only our existing customers but now also ex-BCT customers with a wide range of creative, unique and high quality tiles which are sourced globally at very competitive prices. Please feel free to contact us for any queries you may have."
Al Murad are contactable on 0113 253 3777.
For enquiries please contact the below Hilco Streambank representatives:
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, online premium domain sales and IPv4 transactions through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments. For more information, please visit our website at www.hilcostreambank.com.
SOURCE Hilco Streambank