Cali, the omni-channel flooring and building products company based in San Diego, California, is now a wholly owned subsidiary of the global flooring company, Victoria PLC. Established in 1895 and based in Kidderminster, England, Victoria is a publicly traded company (LSE: VCP) with approximately $1 billion in annual sales and employs about 3,800 people across 25 sites in the United Kingdom, Europe, and Australia. The company specializes in the design, manufacturing, and distribution of innovative floor covering products including carpeting, ceramics, artificial turf, and luxury vinyl plank.
The deal will lead to the expansion of Cali's product offerings with access to European and Australian substrates, fabrications, partnerships with sister companies, and potentially new markets. Cali will also gain the financial support of the public market and the strategic insights and operational infrastructure of a global flooring powerhouse.