Company News
Crown Partners with UK Firm to Supply Flooring Materials
The deal will help Crown Berger diversify its product offerings.
Crown Berger has entered into a 5-year distributorship partnership with Flowcrete of the UK that will see it supplying flooring materials locally.
The two companies are targeting the high-end property market notably shopping malls, homes, and office blocks and the deal is expected to lead to the manufacture of the flooring materials in Kenya.
The partnership will give the UK firm a piece of the Kenyan market while diversifying Crown Berger’s product offering which has largely remained in the competitive home paints market that has not profited fully from the current real estate boom.
“The products will give us a competitive edge with clients whose products need strict health and safety precautions like hospitals, airlines, food and drinks manufacturers such as brewers,” said Ian Harrison, Flowcrete managing director for Africa.
RELATED: Crown Paints Unveils Zero VOC Paints
Mr Harrison said their flooring products (made of iron and silver) help to control the growth of bacteria that find fertile ground in ordinary tiles.
Rakesh Rao, the managing director of Crown Berger, said the deal will minimize the risk of relying on a single product line—paints.
“Crown Berger is expected to start manufacturing the products locally if sales of the Flowcrete products grow above Sh80 million annually,” said Mr Rao.
The company is betting on Kenya’s booming property market to grow sales and cushion its earnings from the competitive paints market that is faced with rising production costs.
The Flowcrete’s flooring products will cost at least Sh3,000 per square metre.