From Earlier: Interface Announces Pending Sale Of Its Bentley Prince Street Subsidiary for $35M

Interface, Inc. IFSIA yesterday announced that it has entered into an agreement to sell its Bentley Prince Street subsidiary in an all-cash transaction valued at $35 million to Dominus Capital, a private equity investment firm, in partnership with Bentley Prince Street President Anthony Minite and other members of its senior management team. Based in Los Angeles, California, Bentley Prince Street manufactures and markets broadloom, carpet tile and area rugs for commercial interiors globally. For the full year 2011, the Bentley Prince Street division generated revenue of $104.0 million. The closing of the transaction is expected to occur sometime during the third quarter, subject to customary closing conditions.