Roca Bulgaria to Build Facility in Bulgaria
Sofia, Bulgaria, March 19, 2007--Roca Bulgaria, part of Roca Group, said it plans to invest 30 mln levs in a new production facility in Bulgaria.
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.
Study: Mortgage Reset May Hike Foreclosures
New York, NY, March 19, 2007--About 1.1 million additional home foreclosures are expected over the next six years as adjustable-rate mortgages reset to higher payments.
CDR Expected To Acquire ServiceMaster
New York, NY, March 19, 2007--Private-equity firm Clayton, Dubilier & Rice is expected to acquire ServiceMaster for about $4.8 billion.
Industrial Production Rebounds
Washington, DC, March 16, 2007--Industrial output rebounded in February, led by higher utility output because of colder-than-average temperatures.
Consumer Sentiment Index Slides
Ann Arbor, MI, March 16, 2007--Consumer confidence fell last month from a two-year high as fuel prices rose and employment weakened, according to the Reuters/University of Michigan's final index of sentiment.
KKR Has Inside Track in Armstrong Auction
New York, NY, March 16, 2007--Kohlberg Kravis Roberts & Co. has emerged as a favorite to acquire Armstrong World Industries Inc., which emerged from bankruptcy protection last October.
Prey Named Columbia Flooring President
Danville, VA, March 16, 2007--Greg Pray has been appointed president of Columbia Flooring, according to parent company Columbia Forest Products president and CEO Harry Demorest.
Robina Names Three Distributors
Kennesaw, GA, March 16, 2007--Robina Floors has signed distribution agreements with three distributors: Shuler Distribution, E.E. Vliet Company and Coastal Hardwood.
W.F. Taylor Launches New Adhesive
Fontana, CA, March 15, 2007--W.F. Taylor Co., Inc. launched its new 2085 Pro-Tac Dual-Purpose Adhesive for Professional Installers at Surfaces 2007.
CPI Up 0.4%
Washington, DC, March 16, 2007--Keeping pressure on the Fed, U.S. consumer prices increased 0.4% in February, led by higher prices for food, energy, shelter and tobacco.