Columbia acquires balance of ownership in Century Flooring
Columbia Flooring has reached an agreement with North Pacific Group (Nor Pac) to purchase its ownership
interest in Melbourne, Ark.-based Century Flooring, a manufacturer of prefinished solid hardwood flooring. The purchase price was not disclosed.
"Although there will be no
change in the brands manufactured at the Century facility, following our
recent acquisition of Millwood Flooring in Georgia and the ramp-up of operations in West Virginia, we needed outright ownership of Century in order to take advantage of the synergies and logistical benefits from our different operations," said Columbia Flooring President David Wootton.