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From Home Furnishing Business

Art Van to Complete World of Floors Acquisition

Art Van Furniture announced plans to completely acquire World of Floors and integrate the flooring business as a wholly owned subsidiary.

Art Van Furniture's agreement is to purchase the balance of the business interest previously held by World of Floors Founder, President and CEO Emil Pedick, who was 50 percent owner.

"We have big plans for Art Van World of Floors, and I personally look forward to making it the number one flooring business in the markets we serve," said Art Van Elslander, chairman of Art Van, Warren, Mich.

World of Floors was founded in 1997 in Michigan and grew to 27 locations.  It is currently the largest flooring specialty chain in Michigan.

"My vision with Art Van World of Floors was to create a store-within-a-store concept that leverages the marketing and customer base of a successful retail furniture operation. We accomplished that," said Pedick.

"I want to thank Emil for bringing Art Van Furniture into the flooring business and laying out the roadmap for our future success," said Van Elslander.

David Hendler will lead corporate and non-sales-related efforts at World of Floors, while Jim Hadjantoni will be responsible for in-store and shop at home sales activities. World of Floors headquarters will be relocated in the near future to an area west of Art Van Furniture's corporate campus.







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