Frontier IP portfolio company Alusid Limited has launched its first range of floor tiles through Parkside Architectural Tiles (“Parkside”), the commercial arm of Topps Tiles Plc (“Topps Group” or “Topps”).
Called Mas, the range is made from between 95 per cent and 98.5 per cent recycled content, depending on the colour, and has one of the lowest carbon footprint of tiles in the market*. This is an important consideration for a construction industry and its customers facing carbon taxes and tougher environmental regulations, and having to meet their own sustainability targets. Topps is expected to launch the range to retail customers later this year.
Floor tiles represent about 60 per cent of the total tile market. Mas tiles have been extensively tested, are hardwearing and have porcelain grade breaking strength. They are mass manufactured on industry-standard equipment, and production is sub-contracted.
Earlier this month, the Alusid-made Principle range, launched into the Topps retail chain last year, was named Wall Tile of The Year by The Tile Association at its annual awards.
Alusid raised £1.13 million from new and existing investors in January 2024, including a £500,000 investment from Octopus Investments through its Octopus AIM VCT 1 plc and Octopus AIM VCT 2 plc funds. The Company is now progressing with plans for an initial public offering later this year.
Other Alusid customers include Starbucks EMEA, H&M, Pret a Manger and the BBC. The Company is in discussions with potential distributors in Northern Europe to expand into new territories.
Mas achieves market leading levels of innovation in recycled content floor tiles and has been enabled by the Alusid and Topps Group partnership. We are on a journey to place more sustainable tiling products into the market, something we are incredibly excited about as part of The Topps Group’s strategic commitment to Environmental Leadership in our sector.
Topps Group Buying Director Tim Tatlock
Launching Mas is a major milestone for Alusid and is the result of nearly two years of hard work from our R&D team in the UK and our production partners in Spain, we are proud to be bringing this range to the market and to have achieved such a considerable reduction in the carbon footprint of our first floor tile.
Alusid CEO Alasdair Bremner
We are delighted that Alusid has successfully developed and launched its first range of floor tiles, which form a major part of the overall tile market. This is a big step forward for the Company and is sure to strengthen its appeal to investors as it explores an initial public offering.
Frontier IP Group CEO Neil Crabb
