Mannington Completes Acquisition of Phenix & Pharr
Salem, NJ, February 3, 2020-Mannington Mills announced today that it has completed the acquisition of Phenix Flooring and Pharr Fibers and Yarns, located in McAdenville, North Carolina and Dalton, Georgia.
Phenix Flooring manufactures premium PET and nylon carpet for a variety of markets across the United States.
Pharr Fibers and Yarns is one of North America’s leading manufacturers of carpet yarns, supplying customers across the globe.
With this acquisition, Mannington adds to its already robust product offering of residential and commercial sheet vinyl, luxury vinyl, laminate, resilient and hardwood floors, as well as commercial carpet and rubber.
No terms of the transaction were disclosed.
In November, Pharr also announced the signing of its agreement to sell its Pharr High Performance business, a yarn supplier for the protective apparel industry, to Coats Group plc. That sale is expected to close early this year.
Pharr will maintain its two other companies: Belmont Land & Investment Company, developer of residential and commercial real estate and hotels, and Strand Hospitality Services, which manages a portfolio of hotel properties throughout the Southeast.