Interface began in 1973, when Ray C. Anderson discovered a need for flexible flooring. To make it happen, Ray led a joint venture with Carpets International Plc. (CI), a British company, and a group of American investors to produce and market modular carpet. This original team of 15 faced significant challenges from sharply rising petrochemical costs, a key raw material in the carpet industry. CIâ€™s advanced cutting and bonding technology sustained the company and enabled it to meet the needs of the office building boom of the mid-1970s.
Modular carpet tiles grew in popularity and by 1978 Interface sales had reached $11 million, growing to $80 million when the company went public in 1983 (NASDAQ: TILE). In 1982, Ray changed the name of the company to Interface Flooring Systems, Inc. The company took on its current name, Interface, Inc., in 1987.
Over the years, we expanded into international markets through acquisition, and in 1988, became the worldâ€™s largest carpet tile manufacturer with the acquisition of Heuga B.V. Also in that year, we introduced Quantum - the first tufted loop carpet tile, altering the course of our business and our design capabilities. Since then, Interface has acquired more than 50 companies, become a $1 billion business, entered the residential market with FLOR, expanded into hard surface, and cemented its position as a leader in sustainable business.