by Brianna Crandall — August 22, 2012—Interface Inc. announced on August 17 that it has completed the previously announced transaction to sell its Bentley Prince Street division to President Anthony Minite, key members of the company’s management team, and Dominus Capital, L.P., a private equity investment firm. Interface says that the move will allow it to focus entirely on its core modular carpet business, and that Bentley Prince Street customers can expect to see more of the prominent style and performance they have come to value, as well as more product diversity.
According to Minite, “Our loyal customers can be confident that we are not changing who we are, in fact we are going to deliver even more of the products Bentley Prince Street has always been known for. As the rest of the marketplace competes for low-cost positioning we will be focused on quality and style designed to outperform in all market segments.”
The company has already taken steps to further invest in new product development and expand its broadloom, carpet tile and area rug business in international markets. The company’s sustainability programs will continue to evolve with a relaunch this coming year, including its highly regarded carbon offset and carpet reclamation programs.
Bentley Prince Street manufactures its award-winning broadloom, carpet tile and area rug products in its Los Angeles-based mill, which is certified Silver under the Leadership in Energy and Environmental Design for Existing Buildings (LEED-EB) by the U.S. Green Building Council (USGBC). As a “truly California Company,” Bentley Prince Street will bring jobs and revenue back into the state, notes the company.
The company will continue to take a leadership role in its commitment to sustainability, including being the first manufacturer in California, and one of only three companies in the state, selected to Pilot ISO 50001 by the Department of Energy. Most recently, Bentley Prince Street hosted an alternative transportation week, where over 70 percent of associates participated, in order to earn enough points to upgrade its LEED-EB certification from Silver to Gold.
