Forbo to Focus on Restructuring After CVC Drops Ta
Zurich, Switzerland April 7--Forbo’s Board of Directors and Executive Board have welcomed the discontinuation of a takeover bid of the company by the investment firm CVC.
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.
Tarkett Forms JV with Chilean Company
Frankenthal, Germany, April 6—-Tarkett, the German manufacturer of flooring, has formed a joint venture with Chilean wood panel company Aconcagua Timber for U.S. production of wood panels and laminate flooring.
Eliane Increases Porcelain Tile Production
Carrollton, TX, April 6--Eliane has recently boosted operations with the acquisition of new, state-of-the-art equipment that will expand its porcelain tile production to reach an estimated 75 million square feet annually.
Tai Ping Purchases Edward Fields
New York, NY, April 4--Tai Ping, the Hong Kong-based supplier of distinctive floor coverings, announced the acquisition of Edward Fields, Inc.
Mannington's New Ad Campaign Launches this Wee
Atlanta, GA, April 5--Mannington Floors, according to Adweek, is launching a new national broadcast and print campaign this week as part of an initiative it began last year to improve its marketing to women.
Unilin Struggling to Hire First 100 at North Carol
Thomasville, NC, April 4--It has been more than a year since Unilin Flooring NC LLC gave Davidson County its biggest economic shot-in-the-arm in recent memory, according to the Winston-Salem Journal.
Hillis to Head Mohawk Group's Fashion Brands
Kennesaw, GA, March 31--Steve Hillis, who for the past four years has been senior vice president sales and marketing for Durkan Patterned Carpet, has been named senior vice president fashion brands for The Mohawk Group.
Nafco by Tarkett Expands LVT Offerings
Houston, TX, March 30--Nafco by Tarkett said it has redesigned its Good Living Collection, with the addition of three new collections of luxury vinyl tile(LVT).
Dixie Says 1Q Sales Rose 17%
Chattanooga, TN, March 30--Dixie Group said that its carpet sales in the first quarter of 2005 were up 17% from the year-ago quarter.
Armstrong's Losses Grow in 4Q
Lancaster, PA, March 30--Armstrong Holdings, Inc. in the fourth quarter of 2004 reported an operating loss of $134.8 million compared to an operating loss of $12.1 million in the fourth quarter of 2003.