The Largest Furniture and Flooring Store in New England has been Acquired - NECN
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The Largest Furniture and Flooring Store in New England has been Acquired

The CEO of Vystar says the deal will not affect the Rotmans store name or business practices

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    NEWSLETTERS

    The Largest Furniture and Flooring Store in New England has been Acquired
    necn

    The largest furniture and flooring store in New England has been acquired.

    Vystar Corp. announced Monday that it has signed a definitive agreement to acquire Worcester-based Rotmans Furniture and Carpet.

    Rotmans, one of the largest independent furniture retailers in the U.S., with 200,000 square feet and 150 employees, was founded by and has been under the leadership of the Rotman family for 50 years.

    Vytex is a Worcester-based manufacturer of environmentally safe and biodegradable rubber latex products.

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    Police released footage of a mother who said she accidentally left her 5-month-old in a car for half an hour in a Goodyear, Arizona, parking lot when she, her sister and other daughter went into the store. Officers are heard on camera saying it was about 99 degrees outside. 

    (Published Thursday, Aug. 22, 2019)

    Vystar has acquired a controlling interest in Rotmans for more than $2 million, comprised of 25% cash and 75% in notes convertible into shares.

    Steve Rotman, CEO of Vystar and Rotmans, says the transaction will not impact the Rotmans store name or business practices, and is expected to increase Vystar shareholder value and liquidity.

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