Natco purchases mat-maker Multy

West Warwick, R.I. – Natco Home Products has made is second company acquisition in two months, this time with the purchase of Canadian indoor/outdoor floor mat and runner company Multy Industries Inc.

In mid September Natco acquired table linens, dec pillow and accent rug supplier Windham Weavers.

Multy, based in Concord, Ontario, was a major Canadian supplier of soft flooring pieces. Over the past six months, the company had been undergoing a restructuring and reorganization.

Natco’s asset purchase of Multy was approved by a Canadian court on November 13 and the sale was final on Nov. 21.

The new company -- now named Multy Home -- has become a subsidiary of Natco Home Fashions. It maintains Multy’s original offices, manufacturing and distribution sites in Canada, and continues to service the same North American retail customer base.

Derek Erdman, president of Multy Industries, holds the same title at Multy Home, as does the rest the company’s Canada-based management team.

With the acquisition, the Natco Home group of companies positions itself as, “a total home fashions resource,” the company said, offering woven, printed, and handmade rugs, carpet remnants, vinyl flooring, curtains, decorative pillows and mats, chair pads, tablecloths, kitchen accessories, shower curtains, furniture covers, throws, and bed coverings, servicing a variety of distribution channels in the U.S. and Canada.

“Multy Home adds utilitarian flooring lines to our range of flooring products and provides an interesting business platform for all of our existing products in Canada,” said Alan Ross, Natco Home Group’s coo.

Multy also establishes for Natco a more significant presence in the Canadian market, he added.

Home Textiles Today Staff | News & Commentary

Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Research Store

Featured Video

Subscribe to
Home Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT November 2017 cover

See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs.  Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.  See details!