Natco gains facility with Flemish acquisition
April 5, 2002,
West Warwick, RI — Looking to enhance its domestic offerings to complement its imported Oriental design rugs, Natco Products Corp. has purchased a majority interest in Flemish Master Weavers in Sanford, ME.
The Flemish Master Weavers site Natco acquired through the deal is a state-of-the-art facility equipped with eight-frame Vanderweil looms. The company also bought under the same contract a large adjacent piece of vacant land in hopes of expanding the site's manufacturing factory, Mark Ferullo, president of Natco's Central Oriental division, told Home Textiles Today.