Hardwood Firm Pinnacle Gets New Owner

Dallas, TX, June 16, 2009--Hardwood flooring firm Pinnacle Interior Elements has been acquired by CA International LLC headquartered in Berkeley, Calif.

CA International is a building materials company and Pinnacle’s primary supplier of hardwood flooring products.  CA International also manufactures a wide array of interior finish products, which include interior doors, wine cellar doors, and cabinetry for the kitchen and bath segment.

Michael Kearins, Pinnacle’s founder and president, said that the stock sale of the company was completed on June 6.

“We are very excited about all the positive benefits this transaction will bring to our customers and employees," Kearins said.

“As the international hardwood flooring industry has continued to vertically integrate and consolidate, this merger is a logical development for both companies."
 
CA International was founded in 2002 to develop and build cross-cultural business relationships between the U.S. and China.