IVC Acquires Laminate Maker Trinterio
Avelgem, Belgium, Jan. 28, 2013 -- IVC , the largest Western European manufacturer of residential vinyl flooring, has reached an agreement with broadloom firm Balta Industries to acquire laminate flooring manufacturer Trinterio.
Ackermans & Van Haaren had sold its interest in Trinterio to Balta.
Ackermans & Van Haaren also said it sold the Spanogroup to Mohawk division Unilin.
In 2012, Trinterio had sales of $242 million through the Balterio Laminate Flooring Division and Spanolux, a producer of MDF panels. The company has 375 employees.
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Jan Vergote, CEO of the IVC Group, said "Balterio and Spanolux will become independent divisions within the IVC Group. We are looking forward to the synergies in the field of R&D for the development of a new generation of hard floors and MDF-based products."