ATLANTA, Aug. 17, 2012 /PRNewswire/ -- Interface,
Inc. (Nasdaq: IFSIA), a worldwide floorcoverings company and global
leader in sustainability, today announced that it has completed the
previously announced transaction to sell its Bentley Prince Street business segment to an
affiliate of Dominus Capital, L.P., a private equity investment
firm. The Company said the transaction was closed on terms
and conditions consistent with those previously disclosed.
Interface, Inc. is the world's largest manufacturer of modular
carpet, which it markets under the Interface, FLOR,
and Heuga brands. The Company is committed to the goal of
sustainability and doing business in ways that minimize the impact
on the environment while enhancing shareholder value.
Defining style, color, quality and service for over 30 years,
Bentley Prince Street manufactures
and markets award-winning broadloom, carpet tile and area rugs for
commercial interiors across the globe.
Based in New York, Dominus
Capital is a leading middle-market private equity investment firm
that focuses on management-led buyouts and growth capital
investments in companies in the business services, light
manufacturing and consumer sectors.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the other matters set forth in this news release are
forward‑looking statements. The forward-looking statements
set forth above involve a number of risks and uncertainties that
could cause actual results to differ materially from any such
statement, including risks and uncertainties associated with
economic conditions in the commercial interiors industry as well as
the risks and uncertainties discussed under the heading
"Risk Factors" included in Item 1A of the Company's
Annual Report on Form 10-K for the fiscal year ended
January 1, 2012, which discussion is
incorporated herein by this reference, including, but not limited
to, the discussion of specific risks and uncertainties under the
headings "The ongoing worldwide financial and credit crisis
could have a material adverse effect on our business, financial
condition and results of operations," "Sales of our principal
products have been and may continue to be affected by adverse
economic cycles in the renovation and construction of commercial
and institutional buildings," "We compete with a
large number of manufacturers in the highly competitive commercial
floorcovering products market, and some of these competitors have
greater financial resources than we do," "Our success depends
significantly upon the efforts, abilities and continued service of
our senior management executives and our principal design
consultant, and our loss of any of them could affect us adversely,"
"Our substantial international operations are subject to various
political, economic and other uncertainties that could adversely
affect our business results, including by restrictive taxation or
other government regulation and by foreign currency fluctuations,"
"Concerns regarding the European sovereign debt crisis and market
perceptions about the instability of the euro, the potential
re-introduction of individual currencies within the Eurozone, or
the potential dissolution of the euro entirely, could adversely
affect our business, results of operations or financial condition,"
"Large increases in the cost of petroleum-based raw materials could
adversely affect us if we are unable to pass these cost increases
through to our customers," "Unanticipated termination or
interruption of any of our arrangements with our primary third
party suppliers of synthetic fiber could have a material adverse
effect on us," "We have a significant amount of indebtedness, which
could have important negative consequences to us," "The market
price of our common stock has been volatile and the value of your
investment may decline," "Our earnings in a future period could be
adversely affected by non-cash adjustments to goodwill, if a future
test of goodwill assets indicates a material impairment of those
assets," and "Our Rights Agreement could discourage tender offers
or other transactions for our stock that could result in
shareholders receiving a premium over the market price for our
stock." Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995
and, as such, speak only as of the date made. The Company
assumes no responsibility to update or revise forward-looking
statements made in this press release and cautions readers not to
place undue reliance on any such forward-looking
statements.
SOURCE Interface, Inc.