BDO Capital Advises on Sale of Snap Lock Industries, Inc.

Boston, MA – April 3, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Snap Lock Industries, Inc. (SnapLock or the Company) to Gerflor Group (Gerflor). BDO Capital served as exclusive financial advisor to SnapLock on this transaction, which builds on the firm’s experience advising family-owned businesses in the manufacturing sector.

Founded in 1991 and headquartered in Salt Lake City, Utah, SnapLock is an industry leading manufacturer of modular flooring systems. SnapLock has a portfolio of 25+ core products across the garage, event, and sports market segments and is the premium choice for superior quality and unique, easy to install modular surfaces. SnapLock is a pioneer of the modular flooring industry across each of its market segments and has a rich history of introducing bold, innovative new products protected by 30+ patents covering various designs and utilities.

“The SnapLock shareholders and management are thrilled that the Company has been acquired by Gerflor, who we believe will prove to be a strong partner as they share our culture and approach to business, and we look forward to continued growth under new ownership,” said Jorgen Moller, CEO of SnapLock.

"With SnapLock’s commitment to U.S.-manufactured solutions and continual product improvements through in-house engineering expertise, this reconfirms Gerflor’s focus on value-added solutions in growing segments while expanding our operational footprint in the U.S.," said Benjamin Bachman, CEO of Gerflor USA.

Gerflor, headquartered in France, creates, manufactures, and markets innovative, decorative, and sustainable flooring solutions and wall finishes. Gerflor develops specific flooring and wall solutions to meet every indoor market application need: housing, healthcare, education, sport, retail, industry, offices, hospitality, and transport vehicles. With 4,200 employees, 19 manufacturing plants, 5 R&D centers, and 30 subsidiaries, Gerflor provides its customers with design-driven, innovative, and environmentally friendly solutions in more than 100 countries.