Belgium based carpet weaving machines producer Van de Wiele signed an agreement to purchase French company Superba along with its US subsidiary.
According to a Van de Wiele press release, Superba a manufacturer of heat setting machines for carpet yarns has developed a unique and performing heat setting system based on saturated steam.
“With 40 years of experience in the highly specialised field of yarns for tufted and woven carpet, Superba is providing advanced and competitive solutions with a complete range of machines,” it said.
The Superba product portfolio offers not only steaming and shrinking lines, but also sophisticated space-dyeing machines.
Superba machines are characterised by high performance, efficiency and environment friendliness, integrating the latest technologies in term of automation, information treatment and remote access.
Van de Wiele has for many years been manufacturing carpet and velvet weaving machines and the constant drive for innovation has led to several revolutions in the field of carpet weaving.
Van de Wiele has extended its activities and is also offering tufting machines, extrusion machines for carpet yarns, high-speed Jacquard machines, drives and yarn feeders.
The Van de Wiele group employs over 2,900 people worldwide and achieved a turnover over €500 million last year.
The acquisition presents a complementary extension of the Van de Wiele range with maximum synergy of markets and knowledge.
“The know-how of Superba in the field of yarn technology will improve performance of weaving, tufting and extrusion machines while, knowledge of these technologies will lead to better performing heat-setting lines,” it added.
“All this resulting in new developments and better performing machines for the benefit of the customer,” Van de Wiele explained.
The transaction is expected to close in the next two to three months after completion of the usual due diligence.
