TileBar Ownership Changes Hands Between Private Equity Firms
April 6, 2023, New Orleans, LA--LongueVue Capital (LVC), a New Orleans-based private equity firm, has sold TileBar to AEA Investors LP (AEA), a New York City-based private investment firm.
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.
Anatolia Completes 2M-Square-Foot Production Center in Turkey
April 6, 2023, Toronto, Canada--Anatolia will soon open a state-of-the-art production and design facility in Turkey. The facility will house the company’s research and development, showrooms and offices, a manufacturing plant and a logistics center.
Initial Jobless Claims Dropped by 18,000 in Week Ending April 1
April 6, 2023, Washington, D.C.--In the week ending April 1, 2023, the advance figure for seasonally adjusted initial jobless claims was 228,000, a decrease of 18,000 from the previous week's revised level, according to the Department of Labor.
Northann Corp. Secures European Patent for Embossing Technology
April 6, 2023, New York, NY--Northann Corp. has secured a European patent for its DSE Embossing Technology, which covers a combined positive and negative embossing method in 3D printing applications for the manufacturing of decorative panels.
Bona Releases 2022 Sustainability Report
April 6, 2023, Malmo, Sweden--Bona, which supplies products for installing, renovating, maintaining and restoring premium floors, has released its 2022 Sustainability Report. The company’s approach to sustainability is rooted in three pillars: Home, Health and Humanity.
Graf Custom Hardwood Faces OSHA Violations
April 6, 2023, Portsmouth, OH--Appalachian Wood Floors Inc., which operates as Graf Custom Hardwood, has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for multiple safety violations resulting in worker injuries.
Trade Deficit Widened by $1.9B in February
Washington, DC, April 5, 2023—The goods and services deficit was $70.5 billion in February, up $1.9 billion from $68.7 billion in January, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Private Sector Employment Rose by 145,000 Jobs in March
Roseland, NJ, April 5, 2023—Private sector employment increased by 145,000 jobs in March, and annual pay was up 6.9% year-over-year, according to the March ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
Mortgage Applications Declined 4.1% in Week Ending March 31
Washington, DC, April 5, 2023—Mortgage applications decreased 4.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2023.
I4F Fills Two Key Roles in Asia
Hamont, Belgium, April 5, 2023—I4F, a group of companies providing patents and technologies to the flooring industry, has appointed new strategic roles in China and Vietnam.