Edge Flooring Files for Chapter 7 Bankruptcy
Dalton, GA, November 27, 2007 – Edge Flooring, the producer of a patented snap in place floating ceramic tile flooring system, has shut down and declared bankruptcy in Delaware.
Headquartered in
The product uses real ceramic tile, which is laminated to a hard backer board with an interlocking edge. The system is reportedly easier to install than traditional ceramic tile floors. But after receiving a bad review from Consumer Reports online magazine and several complaints for customers, Lowe’s dropped the product in 2005 leading to a management restructuring.
For the last two years, after redesigning the system to solve some of its performance issues, Edge has been selling its “improved” product through distributors to flooring retailers. Sales in 2006 were estimated by Floor Focus Magazine to be approximately $30 million.
“It’s a shame because there are no issues with the products’ performance,” said Doug Miles of Miles Distributing in
According to papers filed on November 21 in the U.S. Bankruptcy Court of Delaware, Francis A. Monaco Jr. is listed at Edge Flooring’s attorney. His contact number is listed as (302) 252-4320.