Carpet and rug maker Stanton Carpet Corp. has purchased Antrim Carpets USA, an importer and wholesaler of hand-loomed carpet and rugs from India. Plans call for Antrim’s distribution and service center in Bristol, Pa. and Stanton’s Calhoun, Ga.-based center to merge. However, Antrim will keep its name and company founders Dan McGovern and Fran O’Neill will remain as Antrim’s principals. Other terms of the deal were not disclosed.
Antrim said the purchase will help strengthen the 10-year-old company’s
position in the industry. “Our position in the marketplace as a leader of
stocked, hand-loomed wool carpets will thrive even further with Stanton behind
us,” said McGovern.
O’Neill also considered the purchase beneficial to the company. “Dan
[McGovern] can now truly focus on expanding our collection in hand-crafted
carpets while I can accelerate Antrim sales and marketing for future growth,”
O’Neill noted.Jonathan Cohen, Stanton’s exec. vp, said the purchase would help
build his company’s position “as a leader in the premium carpet niche.”
“This is an excellent acquisition for Stanton,” he said. “Between McGovern
and O’Neill we are gaining two dedicated and knowledgeable veterans in soft
flooring with an excellent niche not previously offered by Stanton.”
Stanton noted that the purchase would allow the 27-year-old company to
offer a selection of hand-loomed Indian rugs “utilizing its more extensive
distribution base, logistics and product development capabilities and
outstanding customer service.”
Both companies will run independent exhibits at Surfaces. Antrim said it
plans to showcase more than 50 new SKUS during Surfaces at booth #5533. For its
part, Stanton will unveil its latest lines at booth #4618.
With recent buy, Stanton to add Antrim's hand-loomed Indian products
December 4, 2007