Today's Flooring News

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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.

U.S. Imposes Quotas On Chinese Textile Products

Washington, DC, Nov. 18--The Bush administration, in a further escalation of trade tensions between the United States and China, announced Tuesday it had decided to impose quotas on three types of textile products.

Kraus Carpet Founder Dies

Kitchener, Canada, Nov. 19--The Board of Directors of Kraus Carpet Mills Limited joins the Kraus family and all employees in mourning the passing of Michael Kraus, founder and Chairman Emeritus.

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.

Consumer Prices Hold Steady

Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.

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.

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.

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.