Sun To Buy Interface Unit

Sun Capital Partners has agreed to acquire the fabrics division of Interface Inc. (Nasdaq: IFSIA). The transaction is valued at up to $70 million, including a $63.5 million up-front cash payment. The fabrics division makes interior fabrics and upholstery products for automobiles, and markets under the Guilford of Maine, Chatham and Terratex brands, and provides specialized automotive textile solutions.