Associated Weavers and Balsan parent Belgotex International has completed the full takeover of Lano, three years after buying a majority stake.
Olivier Decouttere, former md of Mattex Fabrics in Dubai, where he also led global sales for carpet backings has been appointed as Lano ceo.
In 2022, Belgotex bought a 60% stake in SmartStrand (pictured) manufacturer Lano, and has now bought the remaining shares.
‘We are delighted to fully welcome Lano into the Belgotex International family,’ says Luc Blommaert, Belgotex International group ceo. ‘This acquisition not only strengthens our market position but also enhances our ability to provide innovative solutions and explore new markets. We are committed to preserving the rich heritage and expertise that Lano brings to our group.’
‘This deeper partnership is a strategic move that enables us to serve customers even better. Where we previously operated as partners in a joint venture, we can now fully combine our strengths. This will bring several advantages that will benefit customers. Belgotex International is committed to a smooth cooperation and is focused on leveraging the combined talents and resources of both companies to drive future growth. We believe this partnership will create new opportunities for innovation and product development, benefiting our customers and stakeholders worldwide. For you as a customer it will be business as usual: your contacts, collections, invoices and delivery processes from Lano will stay in place as before.
We would like to express our sincere gratitude to the Lano family, particularly Joe Lano, and all Lano employees for their dedication and hard work. We look forward to a promising future together,’ he says.
