Mannington Mills and Shaw Industries have each announced transactions expected to significantly extend their respective product offerings in hard surface.
eye toward beefing up its hard surface selection, Mannington Mills has
purchased San Jose, Calif.-based Burke Industries, which markets rubber
flooring tiles, wall base, treads and accessories. “The acquisition of Burke is
the perfect fit with our strategic growth initiative to become a full-flooring
resource for the contract sector,” said Jack Ganley, president of Mannington
Commercial. “We believe that by bringing increased flooring solutions to our
customers, there is a strong shared future for both brands.”
separate deal, Shaw Industries has acquired Zickgraf Hardwood Flooring. The
55-year-old, Franklin, N.C.-based company is best known for its range of solid
hardwood flooring and has been a longtime supplier for Shaw. In a related
announcement, F. P. Bodenheimer, CEO and chairman of Zickgraf, said he would be
stepping down along with his son but retain ownership of lumber and machine
companies. According to Vance D. Bell, Shaw's CEO, the move will help expand
Shaw's reach in the hardwood category. “Zickgraf has excellent capabilities in
solid wood manufacturing and allows Shaw to continue rounding out our product
portfolio," he said.
Terms were not disclosed for either acquisition.
Acquisitions: Mannington buys Burke; Shaw purchases Zickgraf Hardwood
August 12, 2008