Acquisition of Amtico International and Related Debt Financing

Consumer
Acquisition of Amtico International and Related Debt Financing

Summary

Baird served as the exclusive financial advisor to Mannington Mills, Inc.

About

Mannington Mills, Inc. (“Mannington” or the “Company”), recently completed the acquisition of U.K. based Amtico International (“Amtico”), a portfolio company of AAC Capital Partners. To facilitate the acquisition, Mannington completed a refinancing of the Company’s existing capital structure including the addition of new junior capital. Terms of the transaction were not disclosed.

Founded in 1915, Mannington is one of the largest flooring companies in the U.S. serving a diverse set of customers in both the commercial and residential market segments. The Company is the only North American player engaged in the manufacturing and marketing of all major product categories, including commercial and residential resilient, laminate, hardwood, and porcelain tile floors, as well as commercial carpet and rubber. Products are manufactured at nine manufacturing plants in the United States.

Amtico is a leading manufacturer and distributor of Luxury Vinyl Tile (“LVT”) for the international flooring market. Amtico has built an internationally recognized reputation for product design and quality supported by premier technology and manufacturing. The key brands are Amtico, which addresses the premium end of the market, and Spacia which addresses the middle market. Amtico is headquartered in Coventry, England.

AAC Capital Partners is an investment management company with €1.7 billion under management and two specialized investment funds dedicated to mid-market buyouts in North-Western Europe. AAC Capital Partners leads buyouts within the €50 - €350 million deal range. The portfolio is managed by advisers based in Amsterdam, London and Stockholm.

For additional information about this transaction, please contact:

Joel Cohen +1 (312) 609-4924
Howard Lanser +1 (312) 609-5478
Chris Cooper +1 (312) 609-5490
Vinay Ghai +44 (0) 207 667 8225
Consumer
Acquisition of Amtico International and Related Debt Financing
Date
March 2012
Company
Mannington Mills, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
Europe
Acquiror Location
North America

Share