Milliken to Sell Floor Mats Business to M+A Matting
Spartanburg, SC, December 1, 2022-Milliken will sell its floor mats business to M+A Matting of LaGrange, Georgia, formerly Mountville Mills.
The sale will close December 26.
According to Milliken, this industrial laundry segment has been in consolidation mode, and the business is not aligned with its strategic direction to focus on its Obex entrance floor barrier system.
This sale includes all of Milliken's floor mat business in Europe, Asia and the U.S. The carpet for the mats is currently tufted in Wigan, UK.
Milliken said that it opted to sell to M+A versus other options because it knew the company would take care of the operation’s existing employees.