Nemo Tile + Stone Acquires Tile Market of Delaware
July 6, 2022
Nemo Tile + Stone is pleased to announce the acquisition of Tile Market of Delaware. Marking the brand’s second acquisition, following the November 2021 acquisition of Modern Stone Consulting, the move demonstrates Nemo Tile + Stone’s aim to broaden its retail footprint within the East Coast markets.
Family founded in 1996, Tile Market of Delaware distinguished itself as tile distributors and stone fabricators in the mid-Atlantic region and now dominates the state’s tile and stone market. The multifaceted tile and stone business is headquartered in Wilmington, Delaware, with an impressive 73,000-sq.-ft. warehouse that supports the region’s retail, builder, designer and contractor industries in addition to serving as a 10,000-sq.-ft. design showcase and delivery center for domestic and international tile.
“The union of these businesses creates a strong alliance that will be the basis for growing our national footprint while maximizing the effectiveness of our supply chains, the range of our product offerings, and the depth of our vertical and horizontal surface applications,” said Matthew Karlin, CEO, Nemo Tile + Stone. “The cultures and ambitions are closely linked to make it easier to execute strategic plans for long-term growth and integration in both the commercial and residential sectors.”
Tile Market of Delaware is a significant supplier of goods for both Delaware and the tri-state region, with satellite showroom/warehouse operations in Middletown and Lewes, Delaware. The company also actively sells goods around the country thanks to the recent introduction of its national brand Urban Coast Tile, a specialized brand that targets upscale coastal regions. The Stone Shop, its fabrication branch, is also based in Wilmington and creates unique natural stone and quartz countertops, as well as bath and fireplace surrounds. With its cutting-edge, digital CNC facility and premium tile selection, the company stands out from the competition.
“Tile Market of Delaware prides itself on its ethos of continuous improvement and is ready for this new period with Nemo Tile + Stone,” said John Watson, CEO, Tile Market of Delaware. “We have aligned with Nemo Tile + Stone in recognizing and respecting each partner’s unique contribution to the group, which is what drew us together. Diversity, exclusivity and creativity are critical to the business model we envision.”
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