Pergo Flooring Distribution Center Fetches $8M

By Rich Christianson | Posted: 11/20/2012 9:41AM

 

GARNER, NC - Pergo, manufacturer of laminate flooring has a new owner and a new landlord for its distribution center in Garner.

Pergo Distribution Center Garner NC Exeter Property Group of Plymouth, PA, recently purchased the 180,000-square-facility for $8 million from a group made up of four family trusts. The seller had paid $9.2 million for the property in 2003, according to the Triangle Business Journal.

Late last month, Mohawk Industries purchased Pergo, including its manufacturing facilities in Garner and Sweden, for $150 million from Pfleiderer.

The distribution center occupies 10.8 acres and includes 175,220 square feet of warehouse and 4,770 square feet of office space.

 

About the Author

Rich Christianson

Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo. He can be contacted at rchristianson@woodworkingnetwork.com

Read more of Rich Christianson's blogs.


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