Brent Crude Drops Under $100/Barrel
New York, NY, July 13, 2022--Worries about an economic slowdown have stoked a rapid reversal in oil prices, which had raced higher for much of the year, reports the Wall Street Journal.
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.
Novalis Names Eric Straumins Director of Manufacturing for NA
Dalton, GA, July 13, 2022—Novalis Innovative Flooring recently welcomed Eric Straumins as the director of manufacturing for its North American operations.
Shaw & Emser Named to 2022 "50 Best Companies to Sell For" List
Dalton, GA, July 13, 2022—Shaw Industries and Emser have been named to Selling Power magazine’s 50 Best Companies to Sell For list in 2022.
RFMS Acquired By Compusoft + 2020
London, UK, July 12, 2022—Compusoft + 2020, a global provider of end-to-end software and content solutions to the spaces for the living industry, has completed the acquisition of Resource and Financial Management Systems Inc. (RFMS), a business management software provider serving the flooring market.
Armstrong Names Buyers for Chinese & Australian Assets
Lancaster, PA, July 12, 2022-Armstrong Flooring announced that, in continuation of its ongoing Chapter 11 restructuring, the auction held as a part of its court-supervised sale process has concluded with the following bids deemed as the highest and best offers:
Nemo Acquires Tile Market of Delaware
New York, NY, July 12, 2022-Nemo Tile + Stone has announced the acquisition of Tile Market of Delaware.
Ceramic Imports Rose to 17.9M Square Meters in May
New York, NY, July 12, 2022—In the month of May, Italy jumped to first place in ceramic tile imports with 3.4 million square meters, followed by Spain 2.9 million square meters, Mexico 2.7 million square meters, India 2.46 million square meters, Turkey 2.4 million square meters and Brazil 1.8 million square meters, reports Grosser Consulting.
EJ Welch Announces New Hires & Promotions
St. Louis, MO, July 12, 2022—EJ Welch Company, a division of Center Rock Capital Partners’ Merit Distribution Group based in St. Louis, Missouri, is continuing along its path of expansion in the flooring industry by expanding its leadership team.
La Riviere Promoted to Manager, Digital Marketing for Laticrete
Bethany, CT, July 12, 2022-Laticrete has promoted Sharon La Riviere to manager, digital marketing.
Housing Costs Expected to Keep Inflation Elevated Through 2022
Washington, DC, July 12, 2022—Climbing housing costs are set to keep inflation elevated this year, creating another challenge for Federal Reserve officials who want to see signs that price pressures are easing before slowing their interest-rate increases, reports the Wall Street Journal.