Several flooring companies have recently announced acquisitions. J&J Industries has acquired Templeton Hospitality Carpet; Tarkett has acquired Centiva; and Redi Carpet has acquired Seagull Floors. Financial terms of the deals were not disclosed.
Templeton, established in 1974 and based in Dalton, Ga., manufactures and supplies carpet to the hospitality market segment. The new hospitality brand will appear in the marketplace as J+J/Templeton. Steve Hillis will lead the sales, marketing, and design teams, while Gary Horton will lead all production-related operations.
Tarkett has acquired the Centiva business from International Floors of America Inc. Centiva will continue to operate as a separate brand within Tarkett’s North American portfolio, maintaining distinct manufacturing and business operations in Florence, Ala., where Centiva employs more than 100 people. Thomas Trissl will continue as president of the Centiva business unit, and will be part of the Tarkett North America management team.
Redi Carpet recently acquired Seagull Floors, a multi-family flooring contractor with locations in Georgia, Texas, North Carolina and Florida. “The combined businesses give us greater geographic coverage, enhanced capabilities, and greater access to people and resources,” said Jerry Hosko, Redi Carpet president. “All of these strengths will enable us to deliver better service to our customer base.”
J & J Industries, Tarkett and Redi Carpet announce acquisitions
February 14, 2011