Condor Group acquires Intercarpet

The administrators of Intercarpet and Hartex have approved the takeover by the Condor Group, producer of Condor Grass synthetic turf products, among other things.

Condor Group acquires Intercarpet

The administrators of Intercarpet and Hartex have approved the takeover by the Condor Group, producer of Condor Grass synthetic turf products, among other things.

Days before the start of their summer break, employees of Intercarpet were informed that their management had filed for bankruptcy. Major investments and disappointing sales had caused an unsustainable situation. Subsidiary Hartex was caught up in the situation as well.

In addition to broadloom carpet, the companies also tuft synthetic turf for sports and landscaping.

Condor Group has now rescued both brands. Only the carpet weaving mill in Blokzijl, the Netherlands, will remain in operation. Former owner and director Joost Dobbe has been appointed to continue the conventional broadloom carpet business. For synthetic turf, customers can contact Condor Grass directly.

With the acquisition, the Condor Group has strengthened its position as the largest carpet producer in the EU. In addition, it will have an opportunity to further expand its sustainability ambitions.

Earlier this year, Intercarpet invested in a sustainable, gasless coating line in which electrically generated heat is used to anchor fibres. It was predicted that the investment would prevent the emission of about 343 tons of CO2. Condor Group itself has been actively working on minimising its ecological footprint for years.

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