Pergo Completes Corporate Turnaround ProgramRALEIGH, NC -- Pergo North America, a manufacturer of laminate flooring, said it "has successfully emerged from a corporate turnaround program that involved making significant capital and structural investments in order to ensure long-term financial stability."

Pergo North America's plant in Garner, NC, was put up for sale late last year by its parent company Pfleiderer AG of Germany, according to the Triangle Business Journal. Pfleiderer recently completed the sale of a Uniboard MDF mill and TFM plant in Moncure to Arauco.

In announcing the turn-around and return to "positive financial results," Pergo North America, which operates indepedently, did not state if the plant was still for sale.

"We're very pleased with the multifaceted restructuring efforts and fully expect Pergo to prosper in the future," said a Pergo spokesperson. "All our employees have demonstrated their commitment to the long-term success and growth of the company and have contributed to the smooth and successful turnaround process." He added, "At this time, our biggest challenge is keeping up with extremely robust product demand, and we are taking the necessary steps to upgrade our production capacity accordingly."

Pergo reportedly employs about 165 workers at its flooring mill and distribution facility in Garner. Customers include Home Depot, Lowe's and other retaiilers.

Pergo Is on the Move (following purchase by Pfleiderer) 1-16-08






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