"Great strategic sense:" Master Tile buys two counter top suppliers

Master Tile said it has acquired Colours of the Rainbow Granite Partners and Citiglory Partners. Colours of the Rainbow is one of Houston's leading providers of marble and granite countertops and natural stone. Citiglory is a national supplier of custom-cut natural stone countertops for commercial installations.

Y.J. Liu, President of Colours of the Rainbow said, "This transaction makes great strategic sense for both companies. We have been looking for the best way to expand our distribution and marketing reach for both the Colours and Citiglory businesses. With Master Tile we can expand countertop sales throughout the central region by taking advantage of the existing branch network and sales force. Additionally, with Master Tile's national commercial sales capability we will be able to expand distribution of custom stone from our China factory. I've known Master Tile for a long time, we have a great relationship, and I look forward to working with everyone there to expand these businesses."