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Article: Capella gives new owners stable footing; a week after closing the sale of Capella Wood Floors, Wood & Wood Products talks with the owners about the acquisition of and plans for the company.
- Article from:
- Wood & Wood Products
- Article date:
- August 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Vance Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Shannon Fuller and Richard Lingle have something no one else has in the domestic hardwood flooring market can claim: 100 percent of the Z inch engineered hardwood flooring market.
On July 8, Fuller and Lingle closed the sale of Capella Wood Floors, which they bought Dora Anderson-Tully for an undisclosed amount. With the sale, which started with talks in January, the pair say they inherited the only company in the country that manufactures 3/4-inch engineered hardwood flooring. Capella also produces 3/8-inch engineered hardwood flooring, but that product does not hold such a distinction in the marketplace. The company's sales and production are split about evenly ...