CMO has agreed to pay Jason and Angela Mulroy, the Darlington-based founders of JTM, up to 拢5.7m.
CMO already has a drainagesuperstore site and will now add plumbingsuperstore.co.uk as a domain name.
The acquisition follows a strong first half for CMO and a recent listing on the London Stock Exchange鈥檚 alternative investment market (AIM). The CMO Group initial public offering occurred on 8th July 2021 and raised 拢27m for the business.
CMO generated revenue of 拢38.2m in the six months to 30th June 2021 (2020 H1: 拢23.4m), a year-on-year increase of 63%.
Total Tiles, acquired by CMO in January, accounted for 拢8.8m of the sales revenue. 聽Like-for-like revenue growth was 27%
Profit before tax increased to 拢500,000 (2020 H1: 拢700,000 loss).
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