Beasley Flooring Products to Purchase Mohawk Industries’ Melbourne, Arkansas Wood Flooring Manufacturing Operations

Beasley Flooring Products and Mohawk Industries have entered into a letter of intent pursuant to which Beasley Flooring will purchase the Melbourne, Arkansas flooring manufacturing operations of Mohawk Industries subject to customary terms and conditions. As part of this transaction, Mohawk will partner with Beasley Flooring in continuing to provide high-quality solid and engineered flooring products to its customers.

This acquisition will strengthen Beasley Flooring’s position in both the solid and engineered flooring markets and marks its second flooring operation acquisition within the past 12 months. The company continues to focus on product innovation, superior service, quality and sustainability with operations located in Georgia, North Carolina and now Arkansas.

“Beasley is pleased to enter into this agreement with Mohawk, and we are excited to partner with them to provide high-quality products to both the solid and engineered flooring markets,” Darrell Beasley, President and CEO of Beasley Group said. “The operations in Melbourne will allow us to continue to expand our current production quickly and efficiently. We value our relationship with Mohawk and look forward to providing all our customers with quality products to meet their ever-changing needs.”

About Beasley Group

Beasley Flooring Products is a subsidiary of the Beasley Group, which is headquartered in Hazlehurst, GA. The Group is an innovative forest products company whose diversified operations include sawmills, timberlands, renewable fuels (wood pellets), energy generation, hardwood veneers, flooring, wood shavings and flour, as well as access matting and mat installation. Beasley’s vertical integration and operations in a wide variety of forest products businesses allows it to optimally use raw materials to effectively and efficiently produce quality products using sustainable management practices. For additional information visit www.beasleygroup.com and www.beaselyflooring.com.

Source: Beasley Forest Products, Inc.