Dalton, Ga. (Oct. 6, 2017) – Engineered Floors, LLC, and Beaulieu Group, LLC, have entered into an asset purchase agreement for substantially all of the operating assets of Beaulieu. The companies had previously announced that they had agreed to terms in a letter of intent. They have now concluded those negotiations and executed a definitive agreement.
Beaulieu, which us under Chapter 11 bankruptcy protection, will seek court approval of this transaction. The transaction is now expected to close in early November. Engineered Floors plans to operate the assets going forward and to continue to grow the residential and commercial businesses.
“This will be good for both our business and the community,” said Robert E. Shaw, chairman and CEO of Engineered Floors.
About Engineered Floors
Engineered Floors, LLC is a privately held carpet producer founded by Robert E. Shaw in 2009 and based in Dalton, Ga., with facilities in Calhoun and Dalton, Ga. Engineered Floors employs 3,000 people. The company produces stain-resistant and colorfast PureColor® next- generation solution dyed polyester and nylon fiber carpets under the brands Dream Weaver® for residential replacement, Dwellings® for new home construction, Engineered Floors Multifamily, and Pentz Commercial Flooring Solutions™ for Main Street. To learn more visit, https://www.engineeredfloorsllc.com/.