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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.
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.
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Beaulieu was considered one of the big three of flooring manufacturers in.
The business reorganization is intended to enable gulistan to investigate options to sell the business to a third party or.
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Dalton ga based flooring giant beaulieu group llc has filed for chapter 11 bankruptcy reorganization.
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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.
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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.