by Rebecca Walker — May 29, 2009—Davis & Davis Rugs, Inc. said it has completed the acquisition of all the assets of Glen Eden Wool Carpet Inc.
Both companies are privately held and terms were not disclosed. Davis & Davis will continue to operate its Chattanooga, Tenn., manufacturing facility and the Glen Eden plant in Calhoun, Ga. Stewart Hay will remain as president Glen Eden Wool Carpet.
Dick Miller, president of Davis & Davis, said, “You’ll find Glen Eden Wool Carpet broadloom and rugs at many of the most prestigious addresses in the world. Being able to add that tradition and prestige to our well-established Davis & Davis brand portfolio places us in a very strong competitive position. We’ll be in great shape as the floor covering market rebounds in the coming months.”
Miller said the combined company is already working on new products, which neither organization would have been able to produce on its own. For more information, see the Davis & Davis Web site.
