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.
Zurich, Switzerland, March 4--The Board of Directors of Forbo Holding AG was informed on Friday of the pre-announcement of a public purchase offer from CVC Capital Partners for all outstanding shares of Forbo Holding at a price of CHF 260 per share.
Toronto, ON, March 3--Kronopol, one of the world’s largest manufacturers of laminate flooring, is bringing the Sonic Floor to North America. The company says Sonic Floor, from the it's Perfect Floor Collection, not only looks but sounds and feels like
Norfolk, NE, March 3--A fire caused an estimated $5 million damage to the Midwest Padding Co. carpet padding plant early Wednesday, according to the Sioux City Journal. There were no injuries.
Midland, MI, March 2--Effective April 1, 2005, the Dow Latex business is increasing the prices of all latex products sold into the carpet industry by US$0.05/lb (dry) in the United States and Canada.
Manchester, NH, March 2--An aggressive schedule of membership building efforts for 2005 continues to spark prospect interest and drive membership development for Flooring America and Flooring Canada.
Eglisau, Switzerland, March 2--Forbo Holding AG late February 25 cleared the way for a Sfr705 million ($607 million) takeover offer from private equity group CVC Capital Partners that should bring to a head a fight for control of the company.
Los Angeles, CA, March 1--Bentley Prince Street, known for its design-leading products as well as its sustainability practices, has developed a process to create top-quality commercial carpet in a way that benefits the environment.
Cincinnati, New York & St. Louis, February 28--Federated Department Stores and May Department Stores today announced that they have entered into a merger agreement. Each share of May will be converted into the right to receive $17.75 per share of cash and
Lancaster, PA, February 25—-According to a report in the Lancaster New Era, after four years of trying to get out of bankruptcy, Armstrong World Industries may have been sent back to square one.
London, England, February 25—-According to the Financial Times, the CVC venture capital group has increased its offer for Forbo, the Swiss industrial specialities group, from SFR 330/share to SFR 350-370 a share.