Tandus Clarifies Collins and Aikman FC Ownership


Tandus Clarifies Collins and Aikman FC Ownership

Dalton, GA, June 5, 2007–Tandus Group reported today that its wholly owned subsidiary Collins and Aikman Floorcoverings, Inc. is not affiliated with the Collins & Aikman Corporation which has been identified in recent news articles surrounding its Chapter 11 filing and the resignation of its Chief Executive Officer.

 

Collins & Aikman Floorcoverings, Inc. was an operating unit of Collins & Aikman Corporation until 1997 when it was then split off in a sale transaction led by its executive management team and a private equity sponsor. Since that time there has been no legal association or business relationship between the companies and they have operated independently.

 

Collins & Aikman Floorcoverings, Inc. markets commercial carpets under the “C&A Floorcoverings” and “C&A” brand names.

 

“The confusion caused by such similar company names and some common history is understandable; however, we want to assure the marketplace that C&A Floorcoverings is healthy and stronger than ever,” said Len Ferro, Chief Financial Officer of Tandus. “With the synergies realized by being part of the Tandus Group, C&A is poised for even greater growth.”

 

This announcement was made solely by Tandus Group, Inc. and was not sanctioned by anyone associated with Collins & Aikman Corporation.

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