Condor expands with Hartex buyout
August 15, 2023
Europe's biggest carpet manufacturer Condor Group is expanding still further with the buyout of Hartex BV from bankruptcy.
Condor will take over the assets and most of the personnel of the Blokzijl-based Hartex in Holland which is a leading international producer of high-quality woven wall-to-wall carpet. The deal also includes the related Intercarpet bv in Aalten.
Both parties have already been working together for many years, meaning Condor Group is familiar with the Blokzijl business. Condor Group will continue the woven product portfolio under the familiar Intercarpet name.
Condor's statement said: "This acquisition gives Condor Group many options to expand its activities in the field of woven carpets. Furthermore, synergies arising from the group will be maximally utilised, while the recently installed multifunctional and sustainable (gasless) coating line offers many possibilities for evolving towards fully circular carpeting consisting solely of mono-material."
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