Mannington Acquires Burke Industries
June 27, 2008
In a move that broadens its range of hard surface commercial
flooring offerings, Mannington Mills announced today that it has
acquired Burke Industries, a manufacturer of high-quality
resilient-based products including rubber flooring tiles, wall
base, treads, and accessories.
"The acquisition of Burke is a perfect fit in our strategic growth
as a full-flooring resource for the contract sector," says Jack
Ganley, president of Mannington Commercial. "Not only are we
delighted to be able to expand the range of flooring choices we
already offer designers and architects, but we’re excited to be
able to wed the superb caliber and functionality of Burke products
with Mannington's exceptional color and design expertise. This
promises to yield strong future style contenders for our brand and
increased flooring solutions for the marketplace."
In addition to product synergy, the companies have complementary
histories as well as commitments to the future, noted Burke
President and CEO Bob Pitman.
"The similarities in our corporate cultures and experiences are a
big advantage," he says.
Tom Davis, president and CEO of Mannington Mills, agrees.
"Both companies rely on the value of being good people to do
business with, which is exemplified not only with words, but with
actions. Additionally, both companies have a strong commitment to
environmental innovation and practices, closing the loop on our
respective materials by developing new and improved ways for
recycling the products we use and integrating a variety of recycle
streams."
Davis said that Burke, based in San Jose, Calif., with a second
facility in Eustis, Fla., will maintain its brand identity and
become a Mannington subsidiary, and that operations at both
locations will continue. No other terms of the acquisition were
disclosed.
ChetanMannington Acquires Burke Industries
June 27, 2008
In a move that broadens its range of hard surface commercial flooring offerings, Mannington Mills announced today that it has acquired Burke Industries, a manufacturer of high-quality resilient-based products including rubber flooring tiles, wall base, treads, and accessories.
"The acquisition of Burke is a perfect fit in our strategic growth as a full-flooring resource for the contract sector," says Jack Ganley, president of Mannington Commercial. "Not only are we delighted to be able to expand the range of flooring choices we already offer designers and architects, but we’re excited to be able to wed the superb caliber and functionality of Burke products with Mannington's exceptional color and design expertise. This promises to yield strong future style contenders for our brand and increased flooring solutions for the marketplace."
In addition to product synergy, the companies have complementary histories as well as commitments to the future, noted Burke President and CEO Bob Pitman.
"The similarities in our corporate cultures and experiences are a big advantage," he says. Tom Davis, president and CEO of Mannington Mills, agrees. "Both companies rely on the value of being good people to do business with, which is exemplified not only with words, but with actions. Additionally, both companies have a strong commitment to environmental innovation and practices, closing the loop on our respective materials by developing new and improved ways for recycling the products we use and integrating a variety of recycle streams."
Davis said that Burke, based in San Jose, Calif., with a second facility in Eustis, Fla., will maintain its brand identity and become a Mannington subsidiary, and that operations at both locations will continue. No other terms of the acquisition were disclosed.
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