Tandus Clarifies Collins and Aikman FC Ownership
Collins & Aikman Floorcoverings, Inc. was an operating unit of Collins & Aikman Corporation until 1997 when it was then split off in a sale transaction led by its executive management team and a private equity sponsor. Since that time there has been no legal association or business relationship between the companies and they have operated independently.
Collins & Aikman Floorcoverings, Inc. markets commercial carpets under the "C&A Floorcoverings" and "C&A" brand names.
"The confusion caused by such similar company names and some common history is understandable; however, we want to assure the marketplace that C&A Floorcoverings is healthy and stronger than ever," said Len Ferro, Chief Financial Officer of Tandus. "With the synergies realized by being part of the Tandus Group, C&A is poised for even greater growth."
This announcement was made solely by Tandus Group, Inc. and was not sanctioned by anyone associated with Collins & Aikman Corporation.
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