B.I.G to Cease Belgian Tufted Carpet Operations
Waregem, Belgium, November 19, 2022-Beaulieu International Group’s (B.I.G.) Beaulieu Flooring Solutions Business Unit announced its intention to discontinue its Belgian tufted carpet operations.
The tufting market has been struggling with overcapacity for several years now, mainly caused by a shift in consumer preference towards alternative flooring systems such as laminate, LVT and vinyl, in which B.I.G. has also been experiencing strong growth. The tufting segment today represents a small percentage of the group's total flooring business. Despite a transformation plan and growth investments in this business, current market conditions are making it impossible for the tuft division to be profitable in its current form.
B.I.G. was founded as Beaulieu in 1959 by Roger De Clerck as a fabric production business. Between 1959 and 1991 Beaulieu expanded and grew into a vertical integrated company.
Related Topics:Beaulieu International Group