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Interface Eyes Growth as One Interface Strategy Targets Commercial Flooring Share

Interface Eyes Growth as One Interface Strategy Targets Commercial Flooring Share

Interface, Inc. is positioning itself for growth in the commercial flooring market through its One Interface global operating model. The company serves over 100 countries and generates about $1.4 billion in annual revenue, with 98% of its business coming from commercial customers. Interface estimates its addressable commercial flooring market to be more than $9 billion, with opportunities in carpet tile, LVT, and rubber flooring.

The company is investing $25 million to support growth while maintaining margins through manufacturing and operating efficiencies. Interface focuses on high-price-point products for Class A office spaces and other areas where its products can be differentiated. In 2020, Interface acquired nora flooring, its only acquisition in nearly two decades, and acquired FLOR in 2018.

The company has reorganized its global functions, including supply chain, finance, IT, marketing, product management, and human resources, to improve speed, agility, and customer service. Interface generates approximately $1.4 billion in revenue, with 60% from the Americas, 29% from Europe, and 11% from Asia-Pacific. About 98% of its business is commercial, while FLOR accounts for the remaining 2%.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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