Cleaning & Restoration Breaking News

Springs to acquire Beaulieu's accent rug business

February 7, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
Beaulieu Group and Springs Industries have signed a letter of intent for the sale of Beaulieu's rug division to Springs.

FORT MILL, S. C. - Beaulieu Group, LLC and Springs Industries, Inc. (NYSE:SMI) have signed a letter of intent for the sale of Beaulieu's rug division to Springs. The purchase price was not disclosed.

The purchase would include manufacturing and related assets in Dalton, Ga., and Stratford, Ontario, Canada. The rug division of Beaulieu manufactures woven area and accent rugs and tufted bath rugs.

"Adding Beaulieu rugs will enable Springs to expand into a new product line and fits our strategy of offering fashionable products for every room in the home," said Springs chairman and CEO Crandall C. Bowles. "Beaulieu is known for its quality rugs, and we look forward to adding these products to our growing array of home fashions."

The purchase by of Beaulieu (www.beaulieu-usa.com) has already received federal antitrust clearance. It is subject to antitrust approval in Canada. The transaction is expected to close this month.

Beaulieu is the world's largest provider of indoor/outdoor carpets and a world leader in woven rugs. Overall, Beaulieu is the world's third largest and the largest privately owned carpet manufacturer.

Springs Industries (www.springs.com) supplies leading retailers with a complete line of sheets, towels, comforters, window treatments and other coordinated home fashions designed to simplify home decorating for every consumer. The privately held company operates facilities in 13 U.S. states and Mexico, and owns marketing and distribution subsidiaries in Canada and Mexico.

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.

Podcasts

Most cleaners rely on their online marketing presence to get jobs. But Google hasn't made things easy lately with their algorithm updates, which has impacted a lot of cleaning sites. Here's a look at some tips and suggestions to improve your Google ranking.
More Podcasts

ICS Cleaning Specialist Magazine

Cover Image

2014 June/July

The June/July issue of ICS features stories on add-on services, carpet repair, cleaning silk rugs and ranking websites on Google.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

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

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

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

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo