Carpet Co-Op of America Acquires Flooring America, GCO and Carpet Max Canada Franchises
Manchester, NH - Carpet Co-Op of America announced that it has acquired the franchise system of Flooring America, GCO and Carpet Max Canada for a purchase price of $13.25 million.
The purchase will expand the corporation's annual sales volume to $4.5 billion and bring some 250 Flooring America and 100 GCO stores in the United States, and 100 Carpet Max Canadian locations into the Carpet Co-Op of America family.
"We believe these acquisitions will significantly strengthen our company and provide important benefits," said Howard Brodsky, Carpet Co-Op of America's co-CEO.
Carpet Co-Op of America recently acquired a majority interest in FloorExpo Inc., which serves the residential building market. -Business Wire
Entrepreneur Editors' Picks
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
Why You Need to Become an Inclusive Leader (and How to Do It)
Career Transitions You Can Make in Your 40s and 50s
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
4 Principles to Develop Next-Level Leadership at Your Company
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market