November 3, 2006—Redi Carpet, of Houston, Texas, recently acquired Virginia Beach, Virginia-based Young’s Flooring.
While Young’s Flooring primarily services the Metro-Norfolk multi-family markets, its 15 employees have aggressively grown the companys builder business, too.
When asked what made the deal so attractive to Redi Carpet, Jerry Hosko, president and COO, explains, “We saw a lot of synergies. When two unique companies have so many similarities, the transition is more seamless, and because many of Young’s processes are like ours, well become that much more efficient.”
The acquisition will add roughly $10 million in sales to the Redi Carpet organization, which is currently ranked 29th on the Top 100 Retailers list published annually by Floor Focus Magazine.
Coincidentally, both Redi Carpet and Young’s Flooring have been in business 25 years.
Young’s Flooring will continue to market itself under the Youngs Flooring name.
For more information, visit the Redi Carpet Web site.
