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pharryarns.com

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About Pharr Yarns

Pharr Yarns is one of the most diversified sales yarn manufacturers in the world.

Pharr Yarns Headquarter Location

100 Main Street PO Box 1939

McAdenville, North Carolina, 28101,

United States

704-824-3551

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Latest Pharr Yarns News

Pharr Yarns acquires customer Phenix Flooring of Georgia

Jan 13, 2015

Sign Up to receive Charlotte Business Journal's Morning Edition and Afternoon Edition newsletters and breaking news alerts. Sign Up Pharr Yarns acquires customer Phenix Flooring of Georgia Jan 13, 2015, 12:36pm EST Updated: Jan 13, 2015, 12:48pm EST Send this to a friend Thank you for sharing. Your email has been sent. Email address of friend (insert comma between multiple addresses): Your email address: Email  |  Twitter  |  Google+ McAdenville-based Pharr Yarns is acquiring a Dalton, Ga., carpet maker that it has supplied for the last six years. Phenix Flooring will be merged into the Pharr family of companies in a transaction that will be complete in March, Pharr Yarns says. Financial terms of the transaction haven't been revealed. Employment at Phenix also wasn't disclosed. A spokesman for Pharr Yarns says the deal includes a carpet manufacturing facility in Dalton. See Also Redfin agents pick best neighborhoods for Christmas lights in Charlotte Bill Carstarphen , president of Pharr Yarns, says the acquisition is part of the company's strategy to "grow through innovation, diversification and reinvestment in the communities it serves. " "The Pharr-Phenix merger provides us a consistent distribution channel for our carpet yarns while continuing our partnership with other carpet manufacturers, both in the U.S. and abroad," Carstarphen states in a new release announcing the deal. Mark Clayton , president of Phenix Flooring, says Pharr Yarns brings Phenix a way to potentially expand its business, which supplies carpet to independent carpet retailers and home-improvement stores. "With Pharr's solid financial foundation supporting us, our carpet operation will have access to sufficient capital to continue our growth and enhance our ability to offer a more diverse product offering," Clayton says. In announcing its acquisition, Pharr also noted its other community and investment activities as it works to grow in a shrinking textile economy . For example, its Belmont Land and Investment Co. has developed two residential projects in Belmont and is working on another in McAdenville. Pharr also has a hotel-management business in Myrtle Beach, S.C., called Strand Hospitality Services. That company manages hotels primarily in Eastern states. Pharr, founded in 1939, also has made contributions to support its legacy communities, including donations to Christmas Town U.S.A. in McAdenville each season. Pharr Yarns' primary business is in carpet and high-performance yarns and other floor-covering products. Ken Elkins covers manufacturing, international business and economic development for the Charlotte Business Journal. Related links:

Pharr Yarns Acquisitions

1 Acquisition

Pharr Yarns acquired 1 company. Their latest acquisition was Phenix Flooring on January 13, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/13/2015

$99M

Acquired

1

Date

1/13/2015

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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