New Coating Resists Mold on Surfaces
Wilmington, MA, December 9--EnviroCare Corporation, developer of mold resistant solutions has expanded its product line with ForsSite, a mold prevention product.
Today's Flooring News
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Forecast Says Economic Growth to Continue in 2005
Tempe, AZ, December 10--Economic growth in the U.S. will strengthen in 2005, say the nation's purchasing and supply executives in their 68th Semiannual Economic Forecast.
UK’s Low & Bonar Finalize Acquisition
London, England, December 8--Low & Bonar announces the acquisition of the entire issued share capital of LCM Construction Products Ltd (trading as Adfil) for a consideration of up to £12.8 million in cash.
Consumer Debt Up in October
Washington, DC, December 8--Consumers took on more debt in October, the Federal Reserve said.
Hovnanian 4Q Profit Up 47%
Red Bank, NJ, December 8—Homebuilder Hovnanian Enterprises reported fourth-quarter earnings that rose 47 percent despite lowered expectations due to severe weather in California that delayed home construction.
Armstrong to Close Tennessee Cabinet Plant
Morristown, TN, December 8--Armstrong Cabinets will discontinue production of cabinet products at its facility in Morristown beginning in February 2005, according to the Morristown Citizen Tribune.
Lowe's' Tillman To Retire January 28
Mooresville, NC, December 8--Lowe's Chief Executive and Chairman Robert Tillman will retire from his positions Jan. 28 and will be succeeded by President Robert Niblock, according to the company's quarterly report.
IICRC Names 2005 Executive Committee
Vancouver, WA, December 8--The Institute of Inspection, Cleaning and Restoration Certification (www.IICRC.org) elected its 2005 Executive Committee during its Board of Directors’ meeting on November 8.
JD Ford & Thomas Named Finalist for Deal Maker Awa
Denver, CO, December 8--The M&A Advisor announced that Thomas Industries, LLC, a company formed by JD Ford & Company, has been selected as one of the three finalists for the "Manufacturing Industry Deal Maker of the Year."
Armstrong Cuts to Yield Savings
Lancaster, PA, December 7---Armstrong World Industries will save much more than it costs to lay off the latest round of ill-fated workers, the company has disclosed.