About Koch
Wichita, KS, Nov. 18--Koch Industries completed a $4.4 billion acquisition Monday with an agreement to acquire Invista, formerly DuPont Textiles and Interiors, according to the Wichita Eagle.
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.
Global Deal For New Wool Firm
Auckland, NZ, Nov. 18--A new wool company owned by New Zealand's sheep farmers has roared into life with a multimillion-dollar deal to deliver a wonder wool protein to the world's cosmetic buyers.
Boston Group Buying Simmons
Atlanta, GA, Nov. 17--Boston-based private equity firm Thomas H. Lee Partners is acquiring control of bedding manufacturer Simmons Co., maker of the Beautyrest mattress, for $1.1 billion.
NFSI Releases Floor Cleaner Safety Study
Southlake, TX, Nov. 18--Many household cleaning products leave floors more slippery than they were before cleaning, the National Floor Safety Institute (NFSI) reported this week.
Florida Tile To Close Lakeland, FL Plant
Lakeland, FL, Nov. 18--Florida Tile Industries Inc. announced Monday it will close its Lakeland manufacturing plant.
Business Inventories Rise Unexpectedly
Washington, DC, Nov. 17--U.S. business inventories unexpectedly rose 0.3 percent in September as unsold stocks of autos accumulated at the fastest clip since February, a government report showed on Monday.
Austrian Insulation Firm To Show At Surfaces
Kremsmünster, Austria, Nov. 17--For the first time ever, Greiner Perfoam will exhibit at Surfaces, held in Las Vegas, Nevada, from January 28th-30th.
Steve Forbes To Give Coverings' Keynote Addres
Alexandria, VA, Nov. 14--Coverings announced today that Steve Forbes, president and CEO of Forbes, Inc. and editor-in-chief of Forbes Magazine, will be the keynote speaker for this leading global trade event for ceramic tile, natural stone, flooring and r
Lowe's Posts Earnings Increase
Mooresville, NC, Nov. 17--Lowe's Companies, Inc. today reported net earnings of $452 million for the quarter ended October 31, a 33.3 percent increase over the same period a year ago.
Sears Note Tender Completed
Hoffman Estates, IL, Nov. 17--Sears Roebuck & Co. said about $5.9 billion in notes, excluding redemptions in 2004, were tendered in its cash offer to buy $11.8 billion of its debt.