In a move that broadens its US manufacturing base and global reach, flooring manufacturer Mannington Mills announced has acquired Amtico International, a manufacturer of high-quality luxury vinyl flooring products.
Mannington Mills, based in Salem, NJ, is one of the largest and oldest flooring manufacturers in the United States. Founded in 1915, the fourth-generation, family-owned company manufactures and markets residential and commercial resilient, laminate, hardwood and porcelain tile floors, as well as commercial carpet and rubber.
“The acquisition of Amtico is an extremely exciting development for Mannington, as it not only brings a world class organisation into the Mannington family, but also expands the company’s global market reach as well as the scope of its domestic manufacturing capabilities,” says Russell Grizzle, President and CEO of Mannington Mills, Inc. “Amtico has long been recognised as the design, innovation, and performance leader in the luxury vinyl flooring category. Its commitment to quality, customer service, sustainability and delivering exceptional value to the market fits seamlessly with Mannington’s core values.”
“We look forward to being part of the Mannington organisation,” says Jonathan Duck, CEO, Amtico International, “and bringing together a wider product range, local manufacturing and excellent design for the benefit of all our customers. This really is a great fit between two companies.”
Grizzle also said that Amtico, based in Coventry, England, also with facilities based in Atlanta, GA, will maintain its brand identity and become a Mannington subsidiary, and that operations at all Amtico locations will continue. No other terms of the acquisition were disclosed. Robert W Baird & Co. served as the exclusive financial advisor to Mannington Mills on this transaction.
