Milliken Buys Commercial Carpet Maker Constantine
Spartanburg, SC, Oct. 8, 2009--Milliken & Company said that it has completed the acquisition of Constantine LLC, effective October 6.
Today's Flooring News
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.
MeadWestvaco Sells Specialty Papers Business
Glen Allen, VA, Oct. 9, 2009--MeadWestvaco said that it has signed an agreement to sell its Specialty Papers business in South Lee, Mass., to Onyx Specialty Papers, a group made up of the unit’s management.
Carpet Maker Moving Manufacturing Back to UK
London, England, Oct. 9, 2009--Whitestone Weavers said it expects to create jobs at its headquarters in Hartlepool after announcing that it will move a large proportion of its manufacturing operations back to the UK.
Beaulieu Wins Heart Association Fitness Award
Dalton, GA, Oct. 9, 2009--Beaulieu of America has been recognized by the American Heart Association’s Start! Fit-Friendly Companies Program for promoting physical activity and health in the workplace.
U.S. Foreclosure Relief Program May Fall Short
Washington, DC, Oct. 9, 2009--The administration's program to help homeowners avoid foreclosure may fall short of its goal of helping 3 million to 4 million borrowers.
Tarkett Residential Signs Midwest Distributor
Houston, TX, Oct. 9, 2009--Tarkett Residential said that Hank’s Specialties of Minnesota will distribute its products throughout the upper Midwest.
Economists Expect Slower Consumer Spending
New York, NY, Oct. 9, 2009--Bloomberg News is reporting that its survey of economists shows that they expect household purchases will grow at a 1% rate this quarter, followed by 1.5% growth in the first quarter of next year.
Wholesales Inventories Fall Again, Sales Rise
Washington, DC, Oct. 8, 2009--Wholesale inventories fell by a larger than expected 1.3% in August, marking the 12th consecutive month of inventory draw-downs, the Commerce Department said.
British Ceramic Tile Opens New Manufacturing Plant
Newton Abbot, UK, Oct. 9, 2009--After two years of construction and a $48 million investment, British Ceramic Tile opened a new manufacturing plant.
Home Sellers Continue To Reduce Prices
San Francisco, CA, Oct. 8, 2009--Home sellers in the U.S. reduced their asking prices by a total of $28.4 billion to attract buyers.