Business news: Milliken acquires Australian carpet manufacturer
SPARTANBURG, S.C. — Milliken & Company announced Wednesday its acquisition, through its subsidiary Milliken (Australia) Pty Ltd, of the assets of Ontera Modular Carpets Pty Ltd, a subsidiary of Cavalier Corporation Limited.
Based in Australia, Ontera is a leader in the design and manufacture of commercial modular carpet, currently providing Milliken-branded products as part of its offering.
This acquisition is the latest initiative in Milliken’s focus on global growth within its floor covering division, according to a company press release, as the company formally enters a new region noted for great market potential.
“Ontera and Milliken share a long history,” said Joe Salley, president and CEO of Milliken & Company, in a written statement. “Our partnership succeeds because of similar unwavering commitments to quality, innovation and environmental stewardship. This acquisition is a natural progression of our relationship.”
Founded in 1985, Ontera is headquartered and has operations in Northmead, Sydney. The company has licensed Milliken technology for more than 30 years.
“The addition of Ontera, a well-respected brand, to the Milliken portfolio strategically positions us to enhance our customer base and customer service in Australia and New Zealand,” stated Jim McCallum, president of Milliken’s floor covering division, in a press release. “We are excited about the potential that our combined technological capabilities and market insights will bring.”
“At Ontera, we have long been impressed with Milliken’s technological capabilities, innovative designs and clear commitment to sustainability,” said Ontera CEO Dean Harriott in a written statement. “It’s exciting to be part of this world-class company. Our customers will benefit from Milliken’s global product development capabilities, technologies and insights accrued during its 150-year legacy.”