South African fund manager Resolve has announced the acquisition of Tiletoria, one of the country’s leading tile and bathroom specification businesses. The deal was executed through Resolve Private Equity Fund I, in partnership with Tiletoria’s management team, marking a strategic investment in South Africa’s industrial and infrastructure sectors.
Founded in 1995, Tiletoria has built a strong reputation as a high-volume supplier of tiles and bathroom products to major retailers, property developers, and commercial projects. Unlike traditional retail-focused businesses, Tiletoria specializes in project-based supply, offering tailored product sourcing and design solutions to clients such as Woolworths, Checkers, Clicks, KFC, and numerous residential developers.
Resolve’s investment reflects a broader strategy to identify value in traditional business models that remain essential to South Africa’s economic fabric.
Phumi Twantwa, Partner at Resolve, stated:
While investor attention often gravitates towards emerging fields such as technology and energy, we continue to see attractive opportunities in traditional business models that are integral to South Africa’s industrial base.
Tiletoria operates in a sector that is expected to deliver growth, driven by renewed infrastructure activity, local procurement priorities, and steady consumer demand. It’s also a business that quite literally touches the lives of South Africans every day – in their homes, shopping centres, favourite take-away joints, and workplaces.
The acquisition positions Tiletoria for its next phase of growth, supported by Resolve’s capital and strategic expertise. With infrastructure development gaining momentum and local sourcing becoming a priority, Tiletoria is well-placed to expand its footprint and deepen its impact across South Africa’s built environment.
