Cleaning & Restoration Breaking News

Floor Decor acquires Eagle Eye Scandinavian Distribution

February 7, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
Floor Decor, Inc. completes its acquisition of Eagle Eye Scandinavian Distribution Ltd.

FORT LAUDERDALE, Fla. -- Floor Decor, Inc. (OTCBB:FLOR), a leading home flooring big box superstore chain, has completed its acquisition of Eagle Eye Scandinavian Distribution Ltd.

"We have completed the due diligence and order verification process, which was a prerequisite for the closing of this agreement," said A.J. Nassar, CEO of Floor Decor, Inc. "Eagle Eye has established numerous relationships with key European-based corporations. The next step will be to build out the company's infrastructure so we can begin to fulfill these contracts within 30 days. In that respect, we will work at strengthening our relationships with both existing and potential clients, as well as leading vehicle manufacturers and fleet operators. This is certainly a very exciting time for our company and for our shareholders."

In December, Floor Decor announced it had signed a definitive agreement to purchase Eagle Eye Scandinavia Distribution Ltd. outstanding stock. The private UK-based company specializes in the marketing and distribution of automotive telematics systems and services, an industry that is anticipated to exceed $7.3 billion in four years.

"This story is just beginning for us," Nassar said. "Eagle Eye is on the threshold of an enormous opportunity in a highly lucrative sector, which is expected to experience explosive growth."

Founded in July 2000, Ft. Lauderdale-based Floor Decor is positioned to transform the $30 billion flooring industry by providing homebuilders and consumers with the most extensive selection of floor coverings under one roof. Its premier Superstore in Ft. Lauderdale, features more than 50,000 sq, ft. of space and houses more than 5,000 area rugs and 1,000.000 sq. ft. of other floorcoverings.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

1/27/15 2:00 pm EST

Grow Your Business and Improve Operations with New Payment Technology

Attend this free webinar to learn how new developments in payment technology can help you close more jobs, increase upselling opportunities and improve operations.

Podcasts

The winter slow season is a great time to pursue commercial cleaning accounts and stay busy. John "the Hitman" Braun solicited questions from thousands of cleaners across the country regarding their questions on commercial cleaning accounts and answers them in this episode of the show.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2014 Nov/Dec

The Nov/Dec ICS features content on how to get better meter readings, a roundtable on truckmount development, neighborhood marketing and more. Also included is the annual Buyer’s Guide and Directory.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view