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Knitting / Apparel

Interface Acquires Teknit Ltd

Interface Fabric Groups, Guilford, Maine, announced that outstanding shares of United Kingdom-based Teknit Ltd. have been acquired through Interface Inc. Teknit will operate under the Interface Fabrics Group umbrella. The acquisition provides the Interface Fabrics Group with the ability to diversify its current fabric product offering and enhance its position in the upholstery fabric market."We believe the technology developed by Teknit represents numerous benefits to the upholstered furniture industry, and we look forward to developing and expanding this business as part of the fabrics group," said Brian L. DeMoura, president and CEO, Interface.


October 2000




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