Valinge To Use Mannington LVT Technology

Viken, Sweden, Jan. 26, 2012 -- Välinge said that it has signed a license agreement with Mannington that gives Välinge the exclusive right to sub-license the Mannington IP related to LVT-locking technology to other producers of this flooring type.

The LVT category is growing rapidly in both Europe and North America, mainly due to the fact that the floors now can be installed floating with a mechanical locking system.

"Licensing of third party IP in combination with our own IP is an important part of our future licensing strategy" says Niclas Håkansson, CEO of Välinge Innovation

"We believe this IP related to LVT locking systems creates a powerful leadership position in the fastes growing category in the industry." says Kim Holm, President of Residential Business for Mannington.