Flooring Liquidators Announces Acquisition and New Store Opening in Arroyo Grande, California
June 13 2023 - 8:30AM
Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures”), a
diversified holding company, announced that its subsidiary,
Flooring Liquidators, Inc. (“Flooring Liquidators”), through the
acquisition of assets from Cal Coast Carpet Warehouse, Inc. (“Cal
Coast”), has opened a new store in Arroyo Grande, California.
“We are thrilled to be expanding in this region of California.
This successful store is strategically located to cater to a
community where we presently lack a presence. The addition of the
talented employees from the Cal Coast location to Flooring
Liquidators is truly exciting for us, and we look forward to
welcoming them on board as valuable members of our team,” said
Steve Kellogg, Flooring Liquidators’ Founder and CEO. “I would like
to extend my personal gratitude to Rob Fastlaben, the founder of
Cal Coast, for his remarkable 33-year tenure in successfully
managing the business. We are pleased that Rob will continue to
oversee the management of the store for us."
Based in Modesto, California, Flooring Liquidators provides
floor, cabinets, countertops, and installation services in
California and Nevada, operating 20 warehouse-format stores and a
design center.
The new store is located at 1570 W Branch St, Arroyo Grande,
California 93420. Flooring Liquidators’ website is
www.flooringliquidators.net.
About Live VenturesLive Ventures is a
diversified holding company with a strategic focus on
value-oriented acquisitions of domestic middle-market companies.
Live Ventures’ acquisition strategy is sector agnostic and focuses
on well-run, closely held businesses with a demonstrated track
record of earnings growth and cash flow generation. The Company
looks for opportunities to partner with management teams of its
acquired businesses to build increased stockholder value through a
disciplined buy-build-hold long-term focused strategy. Live
Ventures was founded in 1968. In late 2011 Jon Isaac, CEO and
strategic investor, joined the Board of Directors of the company
and later refocused it into a diversified holding company. The
Company’s current portfolio of diversified operating subsidiaries
includes companies in the textile, flooring, tools, steel,
entertainment, and financial services industries.
Contact:Live Ventures IncorporatedGreg Powell,
Director of Investor
Relations725.500.5597gpowell@liveventures.comwww.liveventures.com
Source: Live Ventures Incorporated
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