Business
Completion of Acquisition of Cerámica Saloni
Completion of Acquisition of Cerámica Saloni.
About this update from Victoria Plc
[{"type":"text","content":"\n \nRNS Number : 1257X Victoria PLC 08 August 2018 \n\n8 August 2018\nVictoria PLC\n(\"Victoria\", the \"Company\", or the \"Group\")\n \nCompletion of Acquisition of Cerámica Saloni\n \nThe Board of Victoria (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to confirm that further to the announcement released on 6 August 2018 it has completed the acquisition of Cerámica Saloni (\"Saloni\"), a European manufacturer of mid to high-end ceramic and porcelain tiles.\n \nGeoff Wilding, Chairman of Victoria commented:\n \n\"Saloni is an excellent fit for the Victoria Group, bringing solid management, growing profits, and significant operational synergies with Keraben, which is located nearby. We will continue to grow our European business and expect to announce further acquisitions in due course.\n \nAlejandro Navarro, Director General of Cerámica Saloni commented: \n \n\"We are very pleased that Victoria has acquired Saloni. They have proven to be very high-quality operators and I know Saloni will continue to go from strength to strength under their ownership - especially with the meaningful synergies that exist with Keraben.\" \n \nFor more information contact:\n \n\n\n\n\nVictoria PLC \nGeoff Wilding, Executive Chairman\nPhilippe Hamers, Group Chief Executive\nMichael Scott, Group Finance Director\n\n\n+44 (0) 1562 749 300\n\n\n\n\n \nCantor Fitzgerald Europe (Nominated Adviser and Joint Broker)\nRick Thompson, Phil Davies, Will Goode (Corporate Finance)\nCaspar Shand Kydd, Andrew Keith (Equity Sales)\n\n\n \n+44 (0) 20 7894 7000\n\n\n\n\nBerenberg (Joint Broker)\nBen Wright, Mark Whitmore, Laure Fine (Corporate Broking)\n \nBuchanan Communications (Financial PR) \nCharles Ryland, Madeline Seacombe, Tilly Abraham\n\n\n+44 (0) 203 207 7800\n \n \n+44 (0) 20 7466 5000\n\n\n\n\n \n \nAbout Victoria\n \nEstablished in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), ceramic tiles, artificial grass and flooring accessories. Victoria has operatio...