International Fibres Group (IFG), a major international manufacturer of staple fibres and filament yarns, has completed the acquisition of Exelto from Balta, the European market leader for broadloom carpet and rugs.
This deal will allow Balta to further focus on the soft flooring activities.
The acquisition of Exelto is part of IFG ′s long term strategy of further profitable growth, and IFG plans to use its position as the technical leader in polypropylene fibre production to build on Exelto’s highly efficient world class fibre production lines.
About Balta Group :
Within just one generation, the Balta Group has grown from a small company into one of the world-leaders in floor coverings. The products from Balta include woven area rugs (Balta Rugs), wall-to-wall carpets (Balta Broadloom, Domo Floorcoverings and ITC), needlefelt and residential carpet tiles (Domo Floorcoverings), carpet tiles (modulyss) and technical non wovens (Captiqs).
