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lanoCarpetsFlooring group Victoria PLC says it is in early-stage discussions regarding the possible takeover of Belgian carpets giant Lano in a move that would represent its sixth acquisition in under two years.


The Kidderminster based carpets and floorcoverings manufacturer and distributor issued a statement to shareholders in response to unspecified press speculation regarding the potential acquisition.


It said: “The board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties.


“The board can confirm that it is in preliminary discussions [regarding Lano], however there is no guarantee that it will proceed.”


Acquiring Lano could become Victoria’s largest acquisition to date, following earlier moves for Westex, Interfloor, Abingdon, Whitestone Weavers and Quest Carpets — all within the past two years.


Lano is headquartered in Harelbeke — near the French border — where it is currently building a new head office site. Its main production of tufted and woven carpets takes place at a circa 2.2 million sqft plant at Stasegem.


Lano — which acquired broadloom carpet maker Bajong Carpets early last year — is a major supplier to the UK market and has sales in excess of €85m. It also owns its own spinning mill at Forceville in France.


In 2013, Lano agreed to become the exclusive distributor of residential carpets for Mohawk — the world’s largest floorcoverings company — in Western Europe.


Victoria added: “Currently, the board intends that any acquisition would be financed from the company's existing facilities.”

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