Halex acquires Capitol USA
February 3, 2005
In a deal that will combine the resources of two companies involved in the floor installation business, Halex Corp. of Pomona, Cailf. has acquired Capitol USA of Dalton, Ga. The deal is being financed by the investment firm American Capital Strategies. "Halex's merger with Capitol solidifies its position in the tackstrip and high-end underlayment markets," said the managing director of American Capital, Frank Do. "The combined entity will be able to leverage its position with its core products to increase the sale of other products through cross selling efforts and to accelerate penetration of other new markets."