Tarkett Attracts Private Equity Funds
Paris, France, July 5, 2006---The majority shareholder of German floor-covering maker Tarkett AG is seeking a financial partner to help buy out minority shareholders.
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.
Retooled Shaw Plant Producing Hardwood Flooring
Chattanooga, TN, July 3, 2006--According to the Chattanooga Times Free Press, the Shaw Industries plant in South Pittsburg, Tennessee, which once produced nylon is up and running again, officials said recently.
Julian Saul Retires from Shaw
Dalton, GA, June 30, 2006--Julian D. Saul, President of Shaw Industries, has announced his retirement effective July 14, 2006. He will relinquish his day to day duties but will remain a consultant to the company.
Florida Tile Plans New Porcelain Line at Lawrenceb
Lakeland, FL, June 30, 2006--Florida Tile Inc., announced plans to make a major investment in a state-of- the-art porcelain tile production line at their Lawrenceburg, Kentucky facility.
Report: Tarkett to Sell Carpet Unit to Enia Carpet
London, England, June 28, 2006--According to a report in the Financial Times, Tarkett has decided to sell Tecsom, its wall-to-wall carpet division, to Swiss group Enia Carpet.
FLEX Ceases Operations, Proceeds Go to FCIF
Anaheim, CA: June 28, 2006--After 19 years of service supporting the growth of credit within the floor covering industry, the Floor Covering Consumer Credit Association (FLEX) will cease operations on June 30, 2006.
SEC Probes Home Depot Stock Options
Atlanta, GA, June 23, 2006--Home Depot, said Friday that the Securities and Exchange Commission had begun an informal inquiry into its stock-option practices and procedures.
New Home Sales Up 4.6% in May
Washington, DC, June 26, 2006--Sales of new homes unexpectedly increased 4.6% to a seasonally adjusted annualized rate of 1.234 million in May, the Commerce Department estimated Monday. Sales were running at the fastest pace since December.
Home Depot Discloses SEC Options Inquiry
Atlanta, GA, June 23, 2006--Home Depot disclosed Friday that the Securities and Exchange Commission had begun an informal inquiry into its practices for granting stock options.
NeoCon 2006 Attendance Up 15%
Chicago, IL, June 22, 2006--The 38th annual NeoCon World's Trade Fair, North America's largest conference and exhibition for interior design and facilities management at The Merchandise Mart Chicago, achieved increased attendance and earned rave r