When loom-manufacturing company’s loom comes to town
It’s been a year since Rite-Loom rolled into the Pennsylvanian landscape, and the company is looking to expand beyond the state, as it continues to move into new markets and expand its business.
Rite-Looms is the first American-owned and operated carpet-making company to move to the states, following on from a $1.9 billion deal it signed with the Philadelphia area in August 2018.RITE-LOMES has now added Pennsylvania to its portfolio, and plans to open a second location in the city by 2021.
“I am thrilled to be opening in Philadelphia,” said Rite Looms founder, Andrew J. Fitch, who will oversee the new Pennsylvania location.
Fitch said he expects the two new locations to be open by the end of 2021.
Rrite Looms is one of many new carpet manufacturers that are set to open in the U.S. in the coming years, following the $3.3 billion acquisition of Rites by United Properties earlier this year.
At the time, Fitch said that the new company’s goal was to create a new American carpet industry.
With a new company, new investors, and a new product, Fitches stated that he expects that the industry will grow and that consumers will start to buy from more companies.
The new Rite Loom locations will be located at:1) The Pennsylvania State Fairgrounds in the Philadelphia suburbs.2) The Philadelphia Zoo.3) The Penn State-owned Pembroke College.4) The Pembury Gardens and Museum of Art in Philadelphia.5) The Franklin Institute in Philadelphia and the Penn State University, Penn State campus.
The company’s other new locations are:1.
The New York City Convention Center (NYCCC)2.
The Pennsylvania Convention Center in Lancaster, Pennsylvania3.
The Philadelphia Zoo4.
The Lincoln Memorial5.
The National Press Club in Washington, D.C.
For more information on the companies new products, visit their websites at:RiteLooms.comRite LoomCo, Inc. (NASDAQ: RLCO) is a leading global carpet manufacturer, with over 60 years of experience in the industry.
RiteLoomCo manufactures the largest selection of durable, high quality carpet in the world.
Rites is a division of the RiteLoom Group.
RITE-LOOMCO, RITE LOOM Co. and RITELOOM CO.
INC are registered trademarks of Rite Group Inc.