Victoria to acquire carpet business of Balta Group for $156m.

Victoria, a designer, manufacturer and distributor of innovative flooring, agreed to acquire carpet business of Balta Group, a Belgium-based flooring company, for $156m. "This selective acquisition of two highly complementary businesses will be significantly value creating for Victoria's shareholders. The rugs division has been hugely successful over many years and there are very material operating synergies between the carpet division and Victoria's existing business. These are both businesses that Victoria already knows extremely well," Philippe Hamers, Victoria Group CEO.