Formica Buys Flooring Supplier
Warren, NJ Formica Corp., the Cincinnati-based manufacturer of laminate, solid surfacing material and flooring products, has acquired the firm that manufactures the company's laminate flooring line.
Formica Corp. announced that
it has acquired the Algona, WA-based STEL Industries, Inc., with STEL becoming a wholly owned Formica Corp. subsidiary.
"Formica Flooring is an important and rapidly growing business
within our company," said Joseph Gonnella, president of Formica
Corp. North America. "The acquisition of STEL greatly enhances our
position as one of the leaders in the laminate flooring