The following is the text from a press release regarding the sale of Interface to a Venture Capitol group in conjuction with the previous management team led by Anthony Minite.
Dear Valued Interface Customer:
Our parent company Interface, Inc. has agreed to the sale of our Bentley Prince Street division to the private investment firm Dominus Capital in partnership with Bentley Prince Street President Anthony Minite and other members of his senior management team.
The sale represents a win-win for customers of both companies as Interface and Bentley Prince Street can now focus management and business strategy entirely on our respective core businesses - Interface on expanding its modular carpet tile business for the commercial and residential consumer markets and strengthening our balance sheet. Bentley Prince Street will return to the entrepreneurial roots that have so heavily influenced this brand’s position in the hearts and minds of its customers.
As an Interface customer, there will be no change in the level of service we provide to you. We remain committed to manufacturing high quality products while providing exceptional customer service and award winning, world-class design.
I remain more excited than ever about the future of Interface as we seek to become “off oil” in the manufacturing of our products by using the highest percentage of non-virgin recycled content in the pursuit of our Mission Zero® promise to eliminate any negative impact on the environment by 2020.
A reflection of the above are the exciting new products that we launched this year at NeoCon, including our first global product collection - Urban Retreat™. Visit our Website at www.interface.com to read more about our products and sustainability progress.
However, please don’t hesitate to contact me or your Account Executive if you have any questions about the sale of Bentley Prince Street or our products and services.
As always, we appreciate your ongoing support of Interface and look forward to serving your needs in the months and years to come.
Sincerely,
John Wells
President, CEO Interface Americas