Acquisition of Edel Carpets by Condor Group
Condor Group takes over 100% of the shares of Edel Carpets (Genemuiden) from the Edel Group. Part of the acquisition includes Telenzo Carpets, established in the United Kingdom, as well as the extrusion and carpet yarn processing activities of Edel Extrusie B.V. and Edel Yarns B.V., also located in Genemuiden.
Edel Carpets develops, produces and markets high-quality broadloom carpet and rugs, made predominantly of wool and polyamide. These are marketed worldwide under both of its own brand names, Edel Carpets and Telenzo Carpets, along with some own label products.
The acquisition of Edel Carpets and Telenzo Carpets will provide a valuable addition to the Condor Group and this collaboration will bring significant benefits to both companies and a greater competitive advantage.
Edel Carpets is renowned for the production of premium carpets and will continue to focus on strategic growth in the mid to high market sector worldwide being fully supported by Telenzo Carpets in the UK.
For general information about Condor Group or Edel Carpets, please refer to the websites of these companies: