Delta Systems Buys Building Technology Alliance
Charlotte, NC, August 24--Delta Systems Inc. has acquired Building Technology Alliance from its parent company, Acoustics Inc., according to the Charlotte Business Journal.
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.
Target Commercial Acquires Re:Source Minnesota
Minneapolis, MN, August 23-- Target Commercial Interiors, Inc. has acquired substantially all of the assets of Re:Source Minnesota, Inc. relating to Re:Source Minnesota’s carpet and floor covering business, a wholly owned indirect subsidiary of Interface,
BASF Raises Latex Prices for Carpet
Charlotte, NC, August 20 - Effective September 13, 2004, BASF will raise prices in North America on all styrene-butadlene polymers supplied to the carpet industry and high solids butadlene polymers supplied to the carpet and construction industries by $0.
Freudenberg Nonwovens to Raise Spunbond Polyester
Durham, NC, August 19-- Freudenberg Nonwovens Tuft Division, in North America, is going to increase its spunbond polyester prices, citing rising raw material costs for the increase, according to Fibre2Fashion.
Janelle Lampp Launches JanelleStyle
Smyrna, GA, August 18--6, 2004—Janelle Lampp, acclaimed for her design and color expertise as a consultant to the rug and home textile industries for 18 years has her own brand, JanelleStyle.
Berkshire Buys 8M Pier 1 Shares
Omaha, NE, August 17-- Berkshire Hathaway is expanding its home furnishing interests. In its quarterly holdings report for the period ending July 30, Berkshire reported buying 8 million shares of home furnishings retailer Pier 1 Imports.
Lowe's 2Q Earnings Up 17.9%
Mooresville, NC, August 16-- Lowe's in the second quarter reported net income that was up 17.9 percent to $704 million, or $0.89 per share.
NAR Says 2Q Existing Home Sales Set Record
Washington, August 13 --Strong housing market fundamentals propelled total existing-home sales to the highest pace on record in the second quarter, according to the National Association of Realtors.
Retail Sales Up 0.7% in July
Washington, August 12--Retail sales rose 0.7% in July, the Commerce Department reported. June sales were revised to a 0.5% drop from the initial estimate of a 1.1% decline.
S&P Rates Collins & Aikman $400M Notes B-, Outlook
New York, August 9-- Standard & Poor's Ratings Services has assigned its 'B-' rating to Troy, Mich.-based Collins & Aikman Products Co.'s proposed $400 million senior subordinated notes due 2012.