Formica Buys Flooring Supplier

by WOHe

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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