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Flooring company with Gainesville plant files for bankruptcy
Workforce changes havent been announced
0721BEAULIEU
A Dalton-based, family-owned flooring company with a plant in Gainesville has filed for Chapter 11 bankruptcy in federal court in Rome.

A Dalton-based, family-owned flooring company with a plant in Gainesville has filed for Chapter 11 bankruptcy in federal court in Rome.

Beaulieu Group LLC, which owns 24 acres at 1750 Atlanta Road, has announced it has started proceedings “to restructure its balance sheet to better position itself for the future,” a press release says.

The Gainesville plant, which processes yarn and has 280 workers, is one of 12 Beaulieu plants or distribution centers. Overall, the company has 2,500 employees.

The company hasn’t announced any plans to change the workforce or plant operations.

“Beaulieu family members and our board of managers believe pursuing a restructuring through Chapter 11 is the best path forward at this time,” said Michael Pollard, president of Beaulieu Group LLC.

"We have evaluated alternatives to address Beaulieu's capital structure, and believe that restructuring through the Chapter 11 process will best position all of Beaulieu Group LLC's businesses for future success."

Pollard goes on to say the move is “a necessary process as we continue to execute our long-term strategic plans for the business.

“Our business model has changed with the industry and our client base since our current capital structure was put into place. This restructuring will allow us to invest in the business going forward and emerge a stronger organization.

“We remain steadfast in our commitment to our customers and employees throughout this process. I am confident that we have the talented and committed team capable of executing the reorganization plan. We appreciate the support of our vendors and customers as we move through this process.”

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