Blue Ridge Industries Acquires Lowe's Modular Carpet Corporation

April 11, 2002

Ellijay, GA-9 April 2002-Blue Ridge Industries, a leading manufacturer of commercial carpet, has announced the acquisition of Lowe's Modular Carpet Corporation. The addition strengthens Blue Ridge Industries' already significant presence in the commercial carpet industry with Blue Ridge Commercial Carpet and Richmond Carpet Company. Lowe's will continue to operate in its Chatsworth, Georgia facility. The acquisition of Lowe's enables Blue Ridge Industries to immediately meet the industry's growing demands for modular carpet tile. "We are very excited about combining Blue Ridge's design expertise with Lowe's high performance modular carpet tile manufacturing," said Mike Gallman, President and CEO of Blue Ridge Industries. "The move allows us to manufacture products for market segments that we have not reached before," he added.

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