Victoria completed the acquisition of Edel Group for $60m.

Victoria, an international manufacturer and distributor of innovative flooring products, completed the acquisition of Edel Group, a Netherlands-based designer, manufacturer, and distributor of artificial grass and carpets, for $60m. "Victoria's 2017 investment in the premium artificial landscaping grass sector has been very successful and this acquisition represents an opportunity to create Europe's largest and most profitable business in the sector. The addition of production facilities benefits our customers by enabling them to source locally in Europe, avoiding inflationary and disruptive imports from the Far East. Furthermore, the outlook for this product category is positive due to growing consumer acceptance and increasing demand for sustainable products that address climate change," Philippe Hamers, Victoria CEO.