Interface to Acquire Nora

Interface has signed a definitive agreement to acquire Nora Systems in a stock purchase transaction valued at approximately $420 million.

Nora, a rubber flooring manufacturer that serves the global market, is a privately held company that is majority owned by investment firm Intermediate Capital Group .

Nora's annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions.

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