Winnipeg-based franchise operator Flooring Canada has been acquired by retail giant CCA Global Partners and will operate as a fully integrated subsidiary of the company, which also owns the Flooring America and Carpet One banners. Acquisition of the 10-year old master franchise is expected to increase the Flooring Canada network from its present size of 65 members and 75 stores. Terms of the deal where not disclosed.
"Officially joining the Flooring America family is truly a great gain for our membership," said Flooring Canada president Jim Duff, a founding partner and principal of the company who has agreed to remain in his post under the new ownership structure. "We're building on an already outstanding and profitable relationship, with the common goal of maximizing resources and further strengthening our brands. Our operations will continue with business as usual and the only thing members will notice during the transition will be all of the good things that come from this new partnership."