MMP Capital Partners LLP, an affiliate of the Washington, D.C.-based Milestone Merchant Partners LLC, has purchased Florida Tile Industries Inc. from Illinois Tool Works Inc.

Matthew Galvez, a managing director of Milestone, was named president and CEO of Florida Tile, while Scott Fullerton was named COO. Most recently, Fullerton had been the president of AMF Reece Inc., a multinational manufacturing company.

The new executive team plans to work closely with the existing Florida Tile management team to maintain and grow the company's position in the industry, the company said.