Natco adding woven rugs
By Furniture Today Staff -- Furniture Today, April 14, 2002
WEST WARWICK, R.I. — Natco Products is joining the ranks of U.S. woven rug manufacturers. The company has agreed to purchase Flemish Master Weavers of Sanford, Maine, which makes rugs under the name of Rainbow Rugs.
Both companies are privately held and did not disclose the purchase price or sales and earnings figures.
Natco, an importer and distributor of home textiles, is the parent company of Central Oriental.
"The acquisition of Flemish Master Weavers will allow us to domestically produce area rugs tailored for the American market. The manufacturing facility will produce high-quality woven rugs to complement the wide variety of imported rugs we now market," said Michael Litner, president of Natco.
"The opportunity to produce our own colors and designs domestically will be a great advantage for us as the rug business continues to evolve as one of the fastest-growing sectors of the home fashions industry."
Other U.S. makers of woven area rugs include Mohawk, Shaw, Oriental Weavers USA and Orian. In February, Beaulieu agreed to sell its rug division to Springs Inds.
-
Rug vendors work hard to create excitement
Apr 8, 2007 -
High Point Market Fall 2008: Rug vendors press value
Oct 23, 2008 -
Rugs regain momentum
Jan 9, 2005 -
Atlanta rug traffic light
Aug 6, 2006 -
Rug makers target mass market
Oct 31, 2004
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
VIEW ALL GALLERIES
