Jiangsu Carrier carpet Limited by Share Ltd has made a lot of news recently: in September, the company completed the payment of the 74% equity pfer fund of Crossley company and obtained a formal equity certificate. In October, the company formally signed an agreement to cooperate with the other side to acquire the French Tecsom company.

Carrier carpet company signed the equity purchase agreement with the original shareholder of Crossley in June this year, acquiring the 74% ordinary shares and all preferred shares of Crossley company Industrial Development Corporation of South Africa Limited, which is priced at $7 million 350 thousand.

The founder of Crossley is also Crossley's current CEO, and Kasavaran Munsamy Govender's 26% stake remains.

In September 4th, Carrier completed the payment of equity pfer and obtained a 74% equity certificate of Crossley company in September 16th.

Crossley, founded in 2003, is located in Durban, South Africa. The main business is the production and sale of woolen blanket.

Its products are not only sold in South Africa, but also exported to the United States and the United Kingdom, with a wholly owned sales company in the United States and the United Kingdom.

Crossley is the largest Muenster carpet manufacturer in South Africa. It has a large number of proprietary technology and intellectual property rights in the production and design of Muenster carpet, and its products occupy an important market share in South Africa and the Anglo American high-end market.

Its brand Crossley is a famous brand in the field of wool and Muenster carpet, and occupies an extremely important position in the markets of Europe and America and South Africa.

France Tecsom is the top three high-end carpet manufacturer in Europe. It was founded in 1881 and has a long history of carpet production.

Tecsom owns Shell, DELL and Bank of China (Beijing) and other senior company customers, and is a carpet supplier of many famous hotels, airports and so on.

The high end sustainable carpet manufactured by the company has won many different carpet quality certification, with nearly 400 product varieties.

Its brand Tecsom is a well-known brand in the carpet industry, and also has exclusive products designed by famous designers such as Andr e Putman.

Carrier carpet is one of the most powerful and professional carpet manufacturers in China.

The total sales volume of woven Wilton carpet and tufted carpet ranks the top three in China. The main products cover yarn for carpet production and Wilton.

Tufted carpet, acre Muenster carpet, thin silk blanket, single sided Wilton and printed carpet, which are suitable for commercial, engineering, civil and other fields, of which household blankets are the first in domestic production and marketing.

Founded in 1994, it is now a professional carpet manufacturer integrating professional design, research and development, production, sale and service of carpet and its materials. It has five industrial plants, first-class technology and production equipment.

Carrier

Jiang Xisheng, general manager of the company, said in an interview with reporters that after the acquisition of Crossley and Tecsom, Carrier Corp will combine the advantages of both sides. On the one hand, it will take advantage of the brand influence and sales channels of the two companies in Europe, the United States and Africa to go abroad to occupy a higher share of the international market. On the other hand, with the help of the design and sales and service teams of these two companies, the advanced ideas and methods will be introduced to help enterprises further enhance their market competitiveness and achieve pformation and upgrading.

It is understood that Carrier carpet's acquisition of South Africa Crossley company is the first overseas acquisition success project of China's carpet industry, and its scale is large and its impact is limited in the international carpet industry.