Natco Home keeps eyes peeled for new opportunities
Maria Weiskott -- Gifts & Dec, September 25, 2013
At the New York Market - Up 10% this year already, Natco Home Products is looking for acquisitions to consider and expanding its operations with new equipment.
Michael Litner, president, told HTT: "Business is good. We have a lot of new product this market. We expect a very good market, and we have a very solid list of appointments [with retailers]."
The company recently upgraded two of its sites with new equipment to support recent and future growth. One is the installation of a new loom at its manufacturing facility near Sanford, Maine, where area rugs are produced for both the Natco and Central Oriental lines.
The other is a new tufting machine added to the company's Dalton, Ga.-based plant. It will be used to produce synthetic turf, "and we'll also be using [the new tufting machine] to produce some other carpet products ideas."
Natco Home offers a wide assortment of soft flooring products, including area and accent rugs, bath rugs, comfort and door mats, and outdoor products including synthetic turf. The company's line also includes soft window treatments, which represent its second largest business, and an array of soft accessories-table linens, decorative pillows and cushions.
Litner said with sales on the incline, he is expecting business to increase by another 10% in 2014, and as such is looking for other home textiles and flooring companies to acquire in the near future.
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