Engineered Floors enters into asset purchase agreement for Beaulieu

October 06, 2017


Dalton–Engineered Floors LLC has entered into an agreement with Beaulieu Group LLC to purchase substantially all of the operating assets of Beaulieu.

The companies had previously announced they had agreed to terms in a letter of intent. They have now concluded those negotiations and executed a definitive agreement.

Beaulieu, which is operating under Chapter 11 bankruptcy protection, will seek court approval of this transaction, which is now expected to close in early November. Engineered Floors plans to operate the assets going forward and continue to grow the residential and commercial businesses.

“This will be good for both our business and the community,” said Bob Shaw, chairman and CEO, Engineered Floors.

Related Articles

Floor Covering News

Press Release

Dal-Tile employees send Easter baskets to critically ill children

Dallas—As part of Dal-Tile’s “Legacy of Giving” program, its employees recently conducted an internal fundraiser to send Easter baskets to critically ill children for the 27th year in a row.

Read More

Interface crafts woven designs with new Native Fabric collection

Atlanta—Interface introduced its new global luxury vinyl tile (LVT) collection, Native Fabric, expanding its modular resilient flooring offerings. Native Fabric offers a modern take on the timeless grass cloth design in a variety

Read More

Havwoods’ flooring featured in New York eatery

New York City, N.Y.—Local Leaf, a newly opened, fast-casual eatery serving healthy gourmet fare in New York, caters to discerning Manhattanites who appreciate locally sourced ingredients. When designing the space

Read More