Carpets group makes £250m European acquisition

Worcestershire carpets and floorcoverings group, Victoria, is to invest almost £250m in the acquisition of a Spanish floortiles group – its second major European acquisition in the sector in the space of a month. The announcement to the markets of its acquisition of Valencia-based Keraben Group confirms reports earlier in the month that the Kidderminster firm was planning a major deal. The latest deal will see Victoria invest £246.5m acquiring Keraben from its parent group, Tensile-Keraben Holdings - an associated company of... You can carry on reading 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...