After realigning some of its subsidiaries, LG Corp. has spun off LG Chem into a newly incorporated company called LG Hausys America, which includes the resilient floor covering division LG Hausys Floors. As part of the transition, the company has relocated its U.S. headquarters from Englewood Cliffs, N.J., to Atlanta.
“It’s more of an internal LG spin-off,” said David Thoresen, exec vp in charge of the LG Hausys Floors division in North America. “LG looked at its various businesses and decided we would be better served on our own. With one president in North America overlooking our materials division it should allow us to focus much more on the construction industry. We’re very excited about the future.” For more information, visit www.lgfloors-usa.com.