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Carpet makers Engineered Floors and J&J Industries merge
30
Dec '15
Two American carpet makers - Engineered Floors and J&J Industries have merged. The closing is expected to finalize on or before February 29, 2016 pending regulatory and shareholder approvals, according to media reports.

“J&J Industries has, for over 60 years, demonstrated strong support for Northwest Georgia, while producing commercial carpets of outstanding quality,” said Robert Shaw, chairman of Engineered Floors. “They are a perfect fit to complement our residential focused manufacturing business and, as such, we plan for J&J to operate as a separate, commercial division of our company.”

Engineered Floors and J&J are both family-owned businesses with similar values of commitment to their employees, their customers and their communities. “These common values and business practices will facilitate the combination of our two excellent companies,” said Jim Jolly, chairman of J&J. “We are excited to join Engineered Floors and provide the commercial expertise and production to their rapidly growing residential business.”

The merger makes the combined entity, which will remain under the chairmanship of Shaw, the third-largest carpet company in the US with about $625 million in revenue, according to an industry magazine. The merged company will employ more than 2,500 employees and include more than 4 million square feet of manufacturing space, officials said. (SH)

Fibre2Fashion News Desk - India


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