Carl D. Hagaman, a well-respected businessman and pioneer of the carpet industry dating back to its infancy, has died. He was 91.
The Chattanooga resident’s first carpet venture was Heritage Carpet Mills, a business that was ultimately acquired in the mid ‘60s by Bud Seratean of Coronet Industries. Shortly after, he founded Danube Carpets. Hagaman retired from the carpet industry when he sold Danube in 1982. After several transitions, that mill is now a division of Shaw Industries.
Hagaman became a founding investor in Color Strand, Color Masters and founder of Community Federal Bank, which is presently Am-South Bank. He is survived by his wife of 66 years, Josephine, and his two sons, Donald and Daniel. His sons and two grandchildren remain in the carpet business at Hagaman Carpet Industries.