Waregem, Belgium -- Beaulieu International Group announced the acquisition of two privately-owned companies, Beaulieu Canada and Beaulieu Australia, which will be integrated into its flooring solutions business unit. The transactions closed end of June.
Beaulieu Canada and Beaulieu Australia are flooring manufacturers with well-established positions in their respective home markets. They have a combined turnover of more than $175 million (€150 million).
The acquisitions represent important steps in Beaulieu Group’s ongoing international growth strategy resulting in a more than $2.34 billion (€2 billion) group, of which $1.17 billion (€1 billion) is in the flooring business.
Both Beaulieu Canada and Beaulieu Australia will benefit from the size and scale of an international player with global resources in order to further strengthen their ambitions and growth plans, the company said. The individual company names, product ranges and brands will continue to be used by the acquired companies.
Beaulieu Canada has a carpet manufacturing plant in Quebec, from which it supplies a broad range of carpet, laminate, engineered wood, cushion and sheet vinyl, and vinyl planks to Canadian retailers and distributors. It recently began supporting the U.S. market through its Peerless brand. The acquisition adds a second manufacturing plant to Beaulieu Flooring Solutions’ operations in the North American market, next to its new Beauflor cushion vinyl / sheet vinyl plant in Cartersville, Ga. Beaulieu Canada’s purchasing office based in China will also become part of Beaulieu Group.
Beaulieu Australia is a successful carpet manufacturer based near Brisbane. It opened a new state-of-the-art manufacturing plant in 2017. The current chief executive officer, Bob Vos, retires upon closing but will stay on as a non-executive member of the board. Allan Russell, current COO, will take over the CEO position.
“We are very enthusiastic about these acquisitions,” said James Neuling, vice president of Beaulieu Flooring Solutions. “Our complementary product portfolios and ‘customer first’ ethos create great opportunities in these two important markets. Beaulieu Group’s strong financial position will enable us to provide the investment needed to grow the businesses, while allowing distributors and retailers access to an even broader product range.”
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