Congoleum Corporation Appoints Mohawk as National Distributor.Business Editors MERCERVILLE, N.J.--(BUSINESS WIRE)--Sept. 25, 2000 Congoleum Corporation (AMEX AMEX See: American Stock Exchange : CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. ) announced today that it has appointed Mohawk Industries, Inc. (NYSE NYSE See: New York Stock Exchange : MHK MHK Mohawk Industries (stock symbol) MHK Merkez Hakem Komitesi (Central Referee Committee, Turkey) MHK Manhattan, KS, USA - Manhattan Municipal (Airport Code) ) as a distributor of its products throughout the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. effective November 1, 2000. Commenting on the appointment, Roger S. Marcus, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We are extremely pleased to be adding a distributor with the logistical expertise, service reputation and national scope of Mohawk. This new distribution capability will further expand our ability to penetrate the market. We are very impressed with Mohawk's commitment to and success in the hard surface market, and look forward to a highly successful relationship. Coupled with the overwhelming sales of our new Ultima(TM) product line, we expect to enter 2001 with substantial momentum." The Company also announced it would be phasing out its distribution arrangements with LDBrinkman & Co., its distributor in the central and western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . LDBrinkman & Co. accounted for 21% of the Company's sales in 1999. Congoleum Corporation is a leading manufacturer of resilient flooring, serving both residential and commercial markets. Its sheet, tile and plank products are available in a wide variety of designs and colors, and are used in remodeling, manufactured housing, new construction and commercial applications. The Congoleum brand name is recognized and trusted by consumers as representing a company that has been supplying attractive and durable flooring products for over a century. Congoleum is a 54% owned subsidiary of American Biltrite Inc. (AMEX: ABL). The above news release contains certain forward-looking statements which involve a number of risks and uncertainties, including product demand, consumer preferences, changes in customer inventories, pricing, competitive factors, raw material prices, market conditions, capital equipment modifications and other factors. Actual results could differ significantly as a result of these and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 1999 filed with the Securities and Exchange Commission. |
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