Flooring producer Condor Group is to buy rival Betap.
Its says combining the companies will allow it to better respond to market expectations and strengthen its portfolio.
‘This merger will mean we can respond even better to the market demand. There are also many advantages of scale to be gained. The two companies fit nicely together as regards products and markets. We are established in the same region and share the same values and standards. This also applies for the corporate culture,’ says Jan Hoekman, Condor Group ceo.
‘This is a good move for Betap. We are a top-notch company, but also clearly see what lies ahead of us. Together with Condor Group we are in a much better position to invest and to innovate. We will continue to operate independently, and that can only be to the benefit of the customer,’ says John Jaakke, Betap ceo.
Condor will continue to use the Betap brand and it will continue to develop its own collections. The Bloq contract carpet tile brand will also continue.
