Interface sells European Fabrics Div., will shutter plant in Mass.

In an effort to hold down costs and secure "greater financial flexibility," Interface, Inc. said it has sold its European fabrics division, Camborne Holdings, for about $28 million. In addition, the Atlanta-based carpet manufacturer plans to shutter a plant in East Douglas, Mass. and integrate those operations into a facility in Elkin, N.C.

In announcing the two moves the president and CEO of Interface, Daniel T. Hendrix, said it was part of an effort to build on the strength of the company's North American operations. "In 2005, we saw solid operating improvements and growth within our North American fabrics business, and continuing to increase sales and enhance the profitability of this business remains an important part of our strategy. Overall, we feel the sale transaction and our restructuring activity in North America allow for greater financial flexibility."