J&J To Purchase Templeton Hospitality

Dalton, GA, Sept. 27, 2010--J&J Industries said it will purchase Templeton Hospitality Carpet from Monticello International.

The companies have signed an asset purchase agreement, which has to be approved by the J&J board of directors.

Terms of the deal were not disclosed.

Thomas Industries sold its Monticello Floors business nearly two years ago as part of its Chapter 11 bankruptcy process.