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Acquisitions: Mannington buys Burke; Shaw purchases Zickgraf Hardwood

August 12, 2008

Mannington Mills and Shaw Industries have each announced transactions expected to significantly extend their respective product offerings in hard surface.

With an 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.”

In a 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.

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