TORONTO—Novalis Innovative Flooring announced the completion of a landmark deal with Zhenjiang City to purchase a 35–acre tract directly across from its existing manufacturing facility. The company plans to erect a new state-of-the-art luxury vinyl tile (LVT) plant.
“After looking at a variety of options and scenarios, we determined that building literally across the street from our existing plant made the best sense for servicing and supplying our customers, both in the U.S. and around the world,” stated John Wu, president and CEO of Novalis. “Our combined operation and expanded corporate campus will afford us amazing design and production synergy that we just couldn’t duplicate anywhere else.”