Dow Raises Carpet Latex Prices
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.
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.
Flooring America & Flooring Canada Push Membership
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.
Forbo Board Allows CVC to Bid
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.
Bentley Prince Street Uses Post Production Yarn to
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.
Federated & May Announce $17B Merger
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
Report: CVC Bids for Forbo
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.
Armstrong CEO Predicts 'Substantial' Delay
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.
Judge Rejects Armstrong Reorganization Plan
Lancaster, PA, February 24--Armstrong Holdings Inc. today announced that federal bankruptcy judge Eduardo C. Robreno issued a ruling on February 23 finding that the AWI Plan of Reorganization was not confirmable.
Interface Reports 4Q and Year-End Results
Atlanta, GA, February 24--Interface, Inc. in the fourth quarter reported sales increased 14.6% to $232.6 million, from $202.9 million in the year ago period.
Lowe’s 4Q Earnings Up 26.7%
Mooresville, NC, February 23--Lowe's Companies reported net earnings of $508 million for the quarter, a 26.7 percent increase over the same period a year ago. Diluted earnings per share increased 30.6 percent to $0.64.