"Monticello Flooring is a brand extension of the well-known Monticello Carpet Mills” said Shields Smith, vice president of Marketing for Yanoor Corp., parent company of the recently reopened Monticello Carpet Mills. “In addition to revitalizing the Monticello brand in broadloom, we will also be making an entry into the hardwood and ceramic tile markets. Mike has been very successful for over a quarter century while helping to grow some of the giants in our industry. He will make an immediate impact.”

The company said that Degrace has already consummated a major program with mass merchandiser Lowes.

Yanoor Corp.'s almost 1 million square feet of manufacturing facilities in Monticello, Ark., was acquired 20 months ago from Burlington Industries.