Coral acquires assets of Coreflex Limited
While many companies have been reducing their operations due to the COVID-19 pandemic, Coral continues to make significant investments to expand and strengthen its portfolio.
“Coral is committed to targeted investment in the Coreflex range to drive future growth. Our proven track record of combining operational and marketing expertise is well established and has consistently added value to our investments” said Matthew Page, Managing Director of Coral. “This collection of patented Scuttle Liners and Kettle Liners helps painters to save money through faster clean-up, reduced waste, and extended equipment life”.
The Coreflex range is fast becoming an essential everyday purchase for professional painters and a popular choice for DIY enthusiasts. The range can be purchased from leading retailers including Brewers, Dulux Decorator Centres, Johnstone's Decorating Centre, Toolstation, and Amazon to name just a few.
“We believe we have acquired a solid portfolio with a strong, long-standing customer base. It is a great combination with significant growth potential" said Tyrone Rigg, Commercial Director of Coral. “We look forward to providing our valued customers with an expanded product offering and new products while continuing to deliver the high level of quality and service they require and have come to expect”.
Funding for the consideration and projected working capital requirements shall be met through Corals existing reserves. From 10th November, Coreflex products will be delivered and invoiced by Coral Tools Ltd.
If you were previously a reseller of Coreflex and/or have an interest in becoming a stockist, please contact Coral Tools Ltd on 0800 368 8080 or complete the new stockist account form by clicking here. Under the ownership of Coral, stockists can benefit from one of the lowest carriage paid order levels
Follow this link to view the range of Scuttle Liners and Kettle Liners.