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Milliken Invests In Sustainable Carpet Maintenance Company

Oct 25, 2023almost 2 years ago
SpartanburgManufacturing

Investors

Milliken & Company

Description

Global diversified manufacturer Milliken & Company has invested in Orak, a Paris-based carpet maintenance and flooring reuse company, as a strategic sustainability enabler for its floor covering business. The relationship marks the beginning of a new generation of sustainable floor covering solutions, and it is set to change the way the industry thinks about waste and its approach to the circular economy.

Company Information

Company

ORAK

Location

Spartanburg, South Carolina, United States

About

Orak is a French company specialising in the maintenance and renovation of textile flooring for its professional clients.It is known for its high-end service offer, provided by specialist technicians applying their own,innovative processes.In order to meet expectations of companies concerned about their environmental footprint, Orak launched Optimal Karpet, a new offer for the end-to-end management of carpet tiles based on circular economy principles. This offer works with the client from the choice of a new tile up to its end-of-life. Orak has entered the market with second-hand carpet tiles that have been restored to as-good-asnewgrade. Discover more about Orak's at orak.fr and on optimal-karpet.fr and LinkedIn.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers