Coventry-based luxury vinyl flooring firm Amtico International has been bought by US floor designer and manufacturer, Mannington Mills.

The corporate team at law firm, Gateley’s Birmingham office advised on the sale, which will see Amtico retain its brand identity but expand its product range and drive growth both at home and abroad.

Gateley has worked with Amtico International for a number of years and acted for the management team in 2006 during its secondary buy-out by mid-market private equity firm, AAC Capital UK.

This move enabled Amtico to build on its success by launching new products, entering into the US, Middle East and South American markets and improving facilities.

The deal was led by Chris Reed, corporate partner in Gateley’s Birmingham office supported by tax partner, James Gopsill and senior associates Martin Jahreiss and Chris Kisby.

Mr Reed said: “Amtico has been on a successful journey in the last few years, largely attributed to its solid leadership model and a real focus on quality, innovation and customer service. This strategic move will enable them to progress to the next level commercially, expanding their offer and widening their market reach.

“We’ve thoroughly enjoyed working with the management team and look forward to seeing them go onto further success in the future.”

Jonathan Duck, CEO of Amtico International added: “In the past five years alone output and profits have risen by over 50 per cent and we have brought jobs back to the UK, proving there is a long-term future for manufacturing in the UK and this region.

“The purchase of Amtico International by Mannington Mills is positive news for the company. We will have a more comprehensive offer for our customers which will provide an opportunity for growth across the UK and Europe.

Amtico International created the market for high quality floor tiles more than 40 years ago and has been at the forefront of producing flooring products for residential and commercial use ever since.

The success of its products has been attributed to effectively mimicking natural materials such as wood or marble but with the advantage of easy cleaning.

The company employs 600 people out of its headquarters in Coventry and US facilities.