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Business Insights

Mannington Reflects on Phenix, Pharr Acquisition

One year ago, Mannington Mills announced that it had acquired Phenix Flooring and Pharr Fibers and Yarns, a move that propelled Mannington into the residential carpet business for the first time in the company’s 105-year history. 2020 may not have seemed like the ideal time to integrate new businesses under the Mannington Mills umbrella, but the company reports that it has weathered the storm and is seeing the benefits of the union emerge from behind the clouds that this past year has brought.

“The acquisition was finalized in the last week of January of 2020, just before the whole world shut down due to COVID-19," said Russell Grizzle, president and CEO of Mannington Mills. “We could never have anticipated what was to come, but I think we have come through it exceptionally well, and better as “One Mannington” than we could have as individual entities.”

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