Huntington Tile Acquired by PA Company
Philadelphia, PA Huntington Tile Co., the Fort Worth, TX-based manufacturer of ceramic floor and decorative wall tiles, has been acquired by Acorn USA Holdings, an affiliate of PGM Products, the new owner announced.
The mid-August acquisition, whose terms were not disclosed, results in the formation of a new company, Huntington Tile Group, which will provide "a platform for additional acquisitions of tile manufacturers in the U.S. and around the world," according to company officials.
"It is our intention to build a diversified network of ceramic tile manufacturers, through which we will be in a position to serve the needs of independent tile distributors and the home improvement industry with unprecedented efficiency," commented Huntington Tile Group Chairman Howard Steinberg.
Steinberg said the company's headquarters and principal production facility will remain in place in Fort Worth under the new corporate management.
Huntington Tile which was established in 1948 and is one of the nation's oldest ceramic tile manufacturers and distributors also operates a ceramic tile manufacturing plant in Mt. Vernon, TX, and employs some 200 workers, according to the company.
PGM Products, a leading manufacturer of wood products, has been involved in the manufacture and sale of ceramic tile products for the past several years.
Huntington Tile Group also named David Hyland, a prominent tile
industry executive, as president. Hyland was previously associated
with Interceramic Inc.