Milliken & Co. has acquired Australia-based Ontera Modular Carpets.
Founded in 1985, Ontera is headquartered and has operations in Northmead, Sydney. The company has licensed Milliken technology for more than 30 years.
“Ontera and Milliken share a long history,” said Joe Salley, president and CEO, Milliken & Co. “Our partnership succeeds because of similar unwavering commitments to quality, innovation and environmental stewardship. This acquisition is a natural progression of our relationship.”
According to the company, the acquisition is the latest initiative in Milliken’s focus on global growth within its floor covering division, as the company formally enters a new region noted for great market potential.
“At Ontera, we have long been impressed with Milliken’s technological capabilities, innovative designs and clear commitment to sustainability,” said Dean Harriott, Ontera's CEO. “Our customers will benefit from Milliken’s global product development capabilities, technologies and insights accrued during its 150-year legacy.”