Carpet group set to roll out growth with £50m acquisition
Worcestershire carpets and floorcoverings group, Victoria has expanded its product range with the £50m acquisition of an Italian floortiles manufacturer.
The Kidderminster-based group said it had agreed to acquire Bologna-based Ceramiche Serra for €56.5m (£50.4m), with the deal being funded from the company's cash reserves and existing debt facilities.
It said €36.5m (£32.6m) would be paid on completion, with the balance of €20m (£17.8m) paid over the next four years, subject to the business meeting annual targets in e... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
