MONEY

Milliken acquires assets of Ontera Modular Carpets

David Dykes
ddykes@greenvillenews.com

Spartanburg-based Milliken & Company said Wednesday it has acquired, through its subsidiary Milliken (Australia) Pty Ltd, the assets of Ontera Modular Carpets Pty Ltd, a subsidiary of Cavalier Corporation Limited.

Terms weren’t disclosed.

Based in Australia, Ontera designs and manufactures commercial modular carpet, providing Milliken-branded products as part of its offerings.

The acquisition is the latest initiative in Milliken’s focus on global growth within its floor covering division, as the company formally enters a new region noted for market potential, Milliken officials said.

“Ontera and Milliken share a long history,” said Joe Salley, Milliken & Company’s president and CEO. “Our partnership succeeds because of similar unwavering commitments to quality, innovation and environmental stewardship. This acquisition is a natural progression of our relationship.”

Founded in 1985, Ontera is headquartered and has operations in Northmead, Sydney. The company has licensed Milliken technology for more than 30 years.

“The addition of Ontera, a well-respected brand, to the Milliken portfolio strategically positions us to enhance our customer base and customer service in Australia and New Zealand,” said Jim McCallum, president of Milliken’s floor covering division. “We are excited about the potential that our combined technological capabilities and market insights will bring.”

“It’s exciting to be part of this world-class company,” said Ontera CEO Dean Harriott. “Our customers will benefit from Milliken’s global product development capabilities, technologies and insights accrued during its 150-year legacy.”