Beaulieu group a dalton based flooring company filed for chapter 11 bankruptcy protection according to chattanooga cbs affiliate wdef.
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Hampton capital partners dba gulistan carpet gulistan announced today that it filed a voluntary petition for chapter 11 business reorganization in the u s.
The flooring industry has been making its way back since the hard blow it took during the 2008 housing market collapse and ensuing double dip recession.
Beaulieu was considered one of the big three of flooring manufacturers in.
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Beaulieu group llc said it will reorganize its finances under a chapter 11 court supervised debt restructuring plan afters suffering losses from its traditional carpet business.
The business reorganization is intended to enable gulistan to investigate options to sell the business to a third party or.
Beaulieu family members and our board of managers believe pursuing a restructuring through chapter 11 is the best path forward at this time said michael pollard president of beaulieu group.
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In an announcement the 40 year old privately owned company said it will restructure its.
Dalton ga based flooring giant beaulieu group llc has filed for chapter 11 bankruptcy reorganization.