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INTERFACE SUBSIDIARY ACQUIRES FABRIC DIVISION OF STEVENS LINEN ASSOCIATES

 LAGRANGE, Ga., Feb. 18 /PRNewswire/ -- Interface, Inc. (NASDAQ: IFSIA), announced today that its wholly-owned subsidiary, Guilford of Maine, Inc., has acquired the fabric division assets of Stevens Linen Associates, Inc., based in Dudley, Mass. Guilford, a leading U.S. manufacturer of panel and upholstery fabric for office furniture systems, with manufacturing operations in Maine, Massachusetts and Michigan, purchased the assets in connection with Stevens Linen's Chapter 11 reorganization proceeding. Pursuant to the reorganization plan, Stevens Linen will continue to own and operate its other business segment, the gift division.
 Grant E. Todd, Giulford's president and chief executive officer, stated, "The acquisition of the Stevens Linen fabric division significantly enhances Guilford's capacity to serve its present customers, and facilitates Guilford's expansion into the decorative fabric markets, served well by Stevens Linen in the past. We are extremely pleased with the acquisition of this upholstery business and look forward to rapidly building it into an exceptional supplier." Todd confirmed that Guilford plans to continue manufacturing operations at the Dudley facility, drawing on the resources and support of Guilford's fabric operation located in nearby East Douglas, Mass.
 Interface, Inc. is committed to delivering superior value to its customers as the world's largest manufacturer of carpet tiles under the Interface and Heuga brands, and interior fabrics under the Guilford of Maine brand, for use in offices, healthcare facilities, airports, educational and other institutions, and retail facilities. The company also manufactures carpet tiles for residential use. In addition, the company engages in the manufacture and sale of chemicals used in various rubber and plastic products, and offers INTERSEPT(R), the company's proprietary antimicrobial chemical, under a licensing program to manufacturers of other products.
 -0- 2/18/93
 /CONTACT; Dan Hendrix, chief financial officer of Interface, 706-882-1891; or J. Desmond Towey of Towey & Associates, 212-888-7600, for Interface/
 (IFSIA)


CO: Interface, Inc.; Stevens Linen Associates, Inc. ST: Georgia, Massachusetts IN: TEX SU: TNM

GK-WB -- NY043 -- 7856 02/18/93 11:32 EST
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Publication:PR Newswire
Date:Feb 18, 1993
Words:325
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