Carpet Co-Op of America acquires franchises of Flooring America, GCO and Carpet Max Canada

MANCHESTER, N.H. & ST. LOUIS -- Carpet Co-Op of America has acquired for a purchase price was $13.25 million the franchise systems of Flooring America, GCO and Carpet Max Canada.

The purchase is projected to expand the corporation's annual sales volume to $4.5 billion and bring some 250 Flooring America and 100 GCO stores in the United States and 100 Carpet Max Canada locations into the Carpet Co-Op of America family. All franchises were part of the estate of bankrupt Flooring America Inc.