October 9, 2015
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
H.I.G. Capital Acquires Universal Fiber Systems
Miami, FL, October 5, 2015—Private equity investment firm H.I.G. Capital has acquired Universal Fiber Systems (UFS).
Palo Duro Hardwoods Acquired by German Company Eugen Lägler GmbH
Denver, CO, October 8, 2015—Palo Duro Hardwoods, located in Denver, Colorado, has announced its acquisition by Eugen Lägler GmbH, headquartered in Frauenzimmern, Germany.
Lumber Liquidators Settles with DOJ for Lacey Violation
Toano, VA, October 8, 2015—Lumber Liquidators will pay $10 million to settle criminal charges with the Department of Justice for its violation of the Lacey Act.
Number of U.S. Zombie Homes Falls Significantly in Q3
Irvine, CA, October 8, 2015—Twenty-thousand-and-fifty U.S. residential properties in the foreclosure process were vacant “zombie” homes as of the end of the third quarter of 2015, down 27% from the previous quarter, according to RealtyTrac.
Union Workers Striking at One Tuftco Location
Chattanooga, TN, October 8, 2015—Union workers at Chattanooga’s Tuftco plant are striking.
Multifamily Vacancy Rates Expected to Remain Low in Near Future, NREI
New York, NY, October 7, 2015—Vacancy rates in the multifamily rental sector are expected to remain low in the short term, according to National Real Estate Investor.
Invista's GA Yarn Processing Facility Earns OSHA's Highest Designation
Athens, GA, October 7, 2015—Invista’s Athens site has once again earned the highest designation under the United States Occupational Safety and Health Administration’s (OSHA) Voluntary Protection Program (VPP) – STAR status.
Lancaster Carpeteria Now Recycles 100% of Carpet & Padding
Lancaster, CA, October 7, 2015—The Lancaster Carpeteria, owned by brothers Barry and Larry White, has announced that it now recycles 100% of its carpet and padding through Los Angeles Fiber.
National Floorcovering Alliance Fall Meeting Held in San Diego
San Diego, CA, October 6, 2015—The National Floorcovering Alliance Fall Meeting was held last week at Del Coronado Hotel in San Diego, California.
August Home Prices Up Almost 7% Year Over Year, CoreLogic
Irvine, CA, October 6, 2015—Prices for national single-family combined tier homes rose 1.2% over the prior month in August and recorded a year-over-year gain of 6.9% nationally, according to CoreLogic’s August U.S. Home Price Insights Report.
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