Victoria PLC Acquires Australian Carpet Manufacturer

Worcestershire, UK, August 7, 2015—British carpet manufacturer Victoria PLC has announced the acquisition of Australian firms Quest Carpet Manufacturers Pty Limited and Quest Carpet Manufacturers Unit Trust for an initial cash consideration of approximately $17.84 million and a deferred cash consideration of approximately $7.6 million.

Operating from facilities in Dandenong, Australia and employing a workforce of more than 200 people, Quest designs, sells and distributes premium carpets across Australia and New Zealand.

All key senior management of Quest will remain with the business, and it will continue to operate independently.