The Victoria Flooring Group continues the growth of its distribution network with the acquisition of distributor Cali Bamboo Holdings. According to sources, the price of the acquisition was $76.1 million. How was the purchase funded? Cash reserves!

The AIM-listed group believes that the integration of the organization with its existing business would create opportunities. Expanding Victoria's impressive distribution network, which is already moving a robust volume of flooring each year, should provide added value for the organization and its shareholders.

It is a strategic acquisition that grants Victoria access to Cali's intellectual property and online management experience, which when leveraged should serve to accelerate measurable growth in existing markets: UK, Europe, and Australia-Asia and favorably impact its stock value (earnings-accretive).

Victoria already moves a steady volume of product in the U.S. and this decision is in alignment with its growth objectives. It cannot be considered a coincidence that, as of 9:30 BST, Victoria's shares rose 3.21%, at 1,030.0p (including income).

Floor Covering Media publishes

blog articles called Flooring Briefs.

Floor Covering Media is

a social media network.

Retrieve timely, objective news and

information at https://www.floorsearch.info.