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.
Calhoun, GA, March 10, 2006--Mohawk Industries has been advised that Aladdin Partners LP has entered into a Rule 10b5-1 trading plan to sell shares of the common stock of the company. Aladdin Partners LP is an entity controlled by Jeffrey S. Lorberbaum, c
Orlando, FL, March 9, 2006--Hughes Supply, in what is likely to be its last financial report before being brought into the Home Depot fold, said Wednesday its fourth-quarter profit jumped 58% on surging demand in its water and sewer and utilities segments
Los Angeles, CA, March 9, 2006--KB Home chairman and CEO Bruce Karatz and Martha Stewart Living Omnimedia, Inc., founder Martha Stewart today will unveil the two companies' co-branded community outside Raleigh, North Carolina.
Boca Raton, FL, March 8, 2006--Q.E.P. Co., announced that it has retained an investment banking firm to assist it on certain strategic matters. Houlihan Lokey Howard & Zukin will evaluating a number of alternatives to address the limited liquidity and tra
Ridgefield, CT, March 8, 2006--StarNet Commercial Flooring Cooperative, the largest member-owned cooperative of independent, commercial floor covering contractors in North America, recognized the carpet reclamation efforts of Pfizer New York World Headqua
Calhoun, GA, March 7, 2006--Mohawk Industries, discussing its purchase of a secondary backing plant in Roanoke, Alabama, from Propex Fabrics late last month, said the move was the company’s second strategic verticalization of primary and secondary backing
Dalton, GA, March 7, 2006--Shaw Industries plans to spend $20 million to convert a yarn plant it closed three years ago in South Pittsburgh, Tennessee, into a hardwood flooring factory. Current plans call for the plant to open this summer.
Omaha, NE, March 6, 2006--Berkshire Hathaway Inc., reported fourth-quarter earnings that were up 54% despite heavy payouts to hurricane-related claims.
Shanghai, China, March 6, 2006--The flooring market is preparing once again to be present in Shanghai. With an exhibition space of 74,750, (a growth of 62,5%) the trade fair will be the second largest flooring show in the world after its sister show Domot
Stockholm, Sweden, March 3, 2006--Pergo AB, Pergo Holding BV and HW Industries GmbH & Co., KG are pleased to announce that the arbitration between HW Industries and Pergo AB initiated during the first quarter 2005 has been settled on mutually beneficial t