In a transaction designed to accelerate growth, Michigan-based Scott Group Custom Carpets LLC has acquired Texas-based Hokanson Carpets Inc. The acquisition will allow Scott Group, which focuses on designing and producing luxury carpets and rugs for the private aviation and architectural-design markets, to expand its geographical footprint and to move aggressively into the residential design sector. Hokanson concentrates on designing and producing custom rugs and carpets for prestigious residences around the world.
Hokanson Carpets, which operates six showrooms in major cities across the United States, will strengthen the U.S. presence of the Scott Group in Los Angeles, New York, Chicago and Dallas and expand it by establishing a presence in Houston and Boston. Additionally, Scott Group has representation in the United Kingdom and Europe, and operates a design and production facility in Grand Rapids, which features a state-of-the-art dye operation and mill where all its products are produced.