Directors Deals 

Victoria chairman sells to meet demand

Victoria chairman sells to meet demand

Flooring specialist Victoria (VCP) has acquired European tile manufacturer Cerámica Saloni in an effort to expand its product range and grow its European footprint. The deal is expected to be "materially accretive" to earnings within the first full year of ownership, before accounting for synergies with the group’s existing Spanish ceramic business, Keraben. Saloni generated €106m (£94.4m) in sales during 2017 and €15.6m-worth of adjusted cash profits.

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