Tom Duffy Co. Named Kährs Distributor
Fairfield, CA, December 16--Tom Duffy Company, a division of B.R. Funsten & Co., will distribute Kährs Hardwood Flooring to Northern California and Northern Nevada.
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.
Home Depot Opens Second Manhattan Store
Atlanta, GA, December 16--Home Depot will open its second Manhattan store today. The 108,000 square feet location, at Third Avenue between 58th and 59th streets, is multi-level store and similar to the company's 23rd Street store.
U.S. Xpress Enterprises Completes Stock Offering
Chattanooga, TN, December 16--U.S. Xpress Enterprises, parent of Xpress Global Systems, a provider of transportation, warehousing, and distribution services to the floorcovering industry, completed the public offering of 4 million shares.
Fed Hikes Rates
Washington, DC, December 14--The Federal Reserve raised its benchmark short-term interest rate Tuesday to 2.25% from 2%, for the fifth quarter-point increase in as many meetings since June.
Bentley Prince Street Receives Governor’s Environm
City of Industry, CA, December 15-- Bentley Prince Street is the recipient of the 2004 Governor’s Environmental and Economic Leadership Award for the State of California, the state’s highest and most prestigious environmental honor.
Forbo Stock Issue Completed
Eglisau/Zurich, Switzerland, December 15- Forbo Holding AG said it has successfully completed its capital increase, raising gross proceeds of 200 mln sfr ($175.3 million) for the further development of its adhesives, belting and flooring businesses.
Armstrong Expands its Residential Vinyl with New D
Lancaster, PA, December 14--Armstrong Floor Products has expanded its offering of resilient residential sheet flooring for home builders and property managers interested in increased design options for their residential customers.
Bill Gates Named to Berkshire Board
Omaha, NE, December 15-- The board of directors of Berkshire Hathaway Inc. voted Tuesday to elect Microsoft Corp. founder Bill Gates to fill the current vacancy left by the July death of Buffett's wife, Susan.
INSTALL Provides KoolGlide Training
St. Louis, December 14--Nexicor, inventor of SINCH Carpet Seaming Technology, and the International Standards and Training Alliance (INSTALL) are teaming to train apprentices and journeymen on the use of KoolGlide, a new carpet seaming system recently dev
Athens Invista Plant Lays Off 12% of Workers
Athens, GA, December 15--Managers with the Athens Invista facility on Voyles Road notified approximately 35 employees with the textile manufacturing facility that their jobs were eliminated, effective Monday, according to the Athens Banner-Herald.