Formica Buys Flooring Supplier

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 category."

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