Who Owns Lm Flooring - Flooringface

Who Owns LM Flooring?

LM Flooring is a privately held, global flooring solutions provider, but its parent company, Dalian Wanda Group, is a Chinese multinational conglomerate involved in various industries, including commercial real estate, entertainment, retail, and financial services.

Origins and Early History

LM Flooring was founded in 1993 in Suzhou, Jiangsu, China, as a joint venture between a Chinese flooring manufacturer and an American partner. Over the years, LM Flooring expanded its operations both domestically and internationally, becoming a significant player in the global flooring market.

Acquisition by Wanda Group

In 2012, Wanda Group acquired a majority stake in LM Flooring, making it a subsidiary of the conglomerate. Wanda Group's vast resources and global reach provided LM Flooring with additional support and opportunities for growth.

Ownership Structure

Today, LM Flooring is still a wholly-owned subsidiary of Wanda Group. The company is led by a management team based in China, with operations in over 30 countries worldwide.

Benefits of Ownership

Being owned by Wanda Group offers several benefits to LM Flooring, including:

Access to capital and resources
Global reach and distribution network
Synergies with other Wanda Group businesses

Conclusion

LM Flooring's ownership by Wanda Group has been a significant factor in its success and global expansion. The conglomerate's resources, global reach, and commitment to growth have created a solid foundation for LM Flooring to continue innovating and providing high-quality flooring solutions to customers worldwide.