Natco Purchases Canadian Floor Mat Firm

West Warwick, RI, Dec. 1, 2008--Natco Home Products has purchased Canadian indoor/outdoor floor mat and runner company Multy Industries Inc.

Multy, based in Concord, Ontario, was a major Canadian supplier of soft flooring pieces. Over the past six months, the company had been undergoing a restructuring and reorganization.

Natco’s asset purchase of Multy was approved by a Canadian court on Nov. 13 and the sale was final on Nov. 21.

The new company -- now named Multy Home -- has become a subsidiary of Natco Home Fashions. It maintains Multy’s original offices, manufacturing and distribution sites in Canada, and continues to service the same North American retail customer base.

Derek Erdman, president of Multy Industries, holds the same title at Multy Home, as does the rest the company’s Canada-based management team.

With the acquisition, the Natco Home group of companies positions itself as, “a total home fashions resource,” the company said, offering woven, printed, and handmade rugs, carpet remnants, vinyl flooring, curtains, decorative pillows and mats, chair pads, tablecloths, kitchen accessories, shower curtains, furniture covers, throws, and bed coverings, servicing a variety of distribution channels in the U.S. and Canada.