Amtico snapped up by US flooring firm

COVENTRY-based flooring company Amtico International has been sold to US floor designer and manufacturer Mannington Mills. 

The deal – for an undisclosed sum – will see Amtico retain its brand identity whilst extending its product offer and driving domestic and international growth.

The corporate team at law firm Gateley’s Birmingham office advised Amtico on the sale.

Gateley has worked with Amtico for a number of years and acted for the management team in 2006 during its secondary buy-out by mid-market private equity firm, AAC Capital UK. This move enabled Amtico to launch new products, enter the US, Middle East and South American markets and improve facilities.

This latest deal was led by Chris Reed, corporate partner in Gateley’s Birmingham office, supported by tax partner James Gopsill and senior associates Martin Jahreiss (tax) and Chris Kisby (employment). 

Reed said:  “Amtico has been on a successful journey in the last few years, largely attributed to its solid leadership model and a real focus on quality, innovation and customer service.  This strategic move will enable it to progress to the next level commercially, expanding its offer and widening its market reach. 

“We’ve thoroughly enjoyed working with the management team and look forward to seeing them go onto further success in the future.”

Jonathan Duck, CEO of Amtico International, added: “In the past five years alone output and profits have risen by over 50 per cent and we have brought jobs back to the UK, proving there is a long-term future for manufacturing in the UK and this region. 

“The purchase of Amtico International by Mannington Mills is positive news for the company.  We will have a more comprehensive offer for our customers which will provide an opportunity for growth across the UK and Europe.”