Altro Floors Announce Acquisition of Debolon in Germany

UK, December 15, 2015 (Newswire.com) - "This acquisition is fully aligned to our Company Purpose, our core values and fully supports our Company vision and strategy. Both Altro and Debolon have very similar family cultures where its staff, its customers and its suppliers are a key focus. Sustainability, innovation, quality and customer relationships are central ideals in both businesses. Coming together in Germany will mean that we can offer an even wider product portfolio and choices to our customers, incorporating higher design flooring and hygienic walling systems. With increased levels of support and wider availability of local stock, we believe this will provide an enhanced customer experience." Altro is a UK based manufacturing company, selling premium flooring and hygienic walling systems for the construction and transport markets globally. They are family owned and run since 1919. Debolon is a German based manufacturing company selling premium vinyl flooring globally to the construction market. They are family owned and were founded in 1929. ENDS

"This acquisition is fully aligned to our Company Purpose, our core values and fully supports our Company vision and strategy. Both Altro and Debolon have very similar family cultures where its staff, its customers and its suppliers are a key focus. Sustainability, innovation, quality and customer relationships are central ideals in both businesses. Coming together in Germany will mean that we can offer an even wider product portfolio and choices to our customers, incorporating higher design flooring and hygienic walling systems."

Richard Kahn, Chief Executive