Monsanto May Get Some Solutia Liabilities
St Louis, MO, Jan. 15--Monsanto Co. reiterated in its 10-Q filing Wednesday that it may get stuck with some legal liabilities stemming from Solutia's Chapter 11 bankruptcy filing last month.
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.
Dow Chemical Raises Latex Prices
Midland, MI, Jan. 15--Effective Feb. 15, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry.
Congoleum Getting Up Off The Canvas
Mercerville, NJ, Jan. 15--Most companies hope never to file for bankruptcy. At Congoleum, however, executives celebrated the recent move, according to The Times of Trenton.
Granitifiandre Acquires Canadian Distributor
Castellarano, Italy, Jan.15-- Granitifiandre, a leading company of ceramic slabs, based in Reggio Emilia has acquired Savoia Canada for 9.6 million Canadian dollars, or 5,896,081.56 euros.
Retail Sales Rise
Washington, DC, Jan. 15--Retail sales rose 0.5% in December, the second straight month of gains, the Commerce Department reported Thursday.
Mentor, Ohio, Carpet Store Expands
Mentor, OH, Jan. 14--During its 52 years of operation, the Imperial Carpet store in Mentor has weathered competition from national chains and changed ownership, according to the News-Herald, Willoughby, Ohio.
Formica's Reorganization Plan Confirmed
Warren, NJ, Jan. 14--Formica Corporation today announced that the United States Bankruptcy Court for the Southern District of New York confirmed the company's Plan of Reorganization.
Jersey Energy Firm Buys Mannington's Cogenerat
Folsum, NJ, Jan. 14--Following a competitive bidding process, Marina Energy, a subsidiary of South Jersey Industries has purchased the cogeneration facility at the Salem County plant of floor covering giant Mannington Mills.
Invista Sale To Koch On Track
Camden, SC, Jan. 14--The process of selling Invista, formerly DuPont Textiles & Interiors, to Wichita, KS based Koch Industries is progressing smoothly, Invista and Koch officials said this week, according to the Camden Chronicle Independent.
BASF To Raise SBD Latex Prices
Charlotte, NC, Jan. 14--Effective February, 15, or as contracts allow, BASF will raise prices in the United States and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymers supplied to the carpet industry by three cents per dry pound.