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.
Danville, VA, Jan. 29--Columbia Flooring today announced that it has reached an agreement with Gilbert, West Virginia-based International Industries Inc.to purchase full ownership interest in Appalachian Precision Hardwood Flooring and Appalachian Custom
Minneapolis, Jan 27--Kathleen M. Bader was named chairman, president and chief executive of Cargill Dow LLC, a joint venture of Dow Chemical Co. and closely held commodity processing giant Cargill Inc.
Fairlawn, OH, Jan. 26—Omnova Solutions Inc. today reported a loss of $61.3 million or $(1.53) per diluted share for the fourth quarter of 2003.
Washington, Jan. 26--Existing-home sales bounced back in December after a two-month slide from September's record pace. In all of 2003, sales sizzled at the highest level on record, fueled by rock-bottom interest rates.
Denver, CO, Jan. 23--Denver Hardwood Company and its affiliated group of flooring distributors under the Hamar Group of companies will acquire the assets of the Midwest’s largest flooring distributor, Misco Shawnee.
Washington, Jan. 26--Federal Reserve Chairman Alan Greenspan said Monday that jobs lost in the last recession can be replaced but that unemployed workers may need retraining to qualify for new work.
Warren, NJ, Jan. 26 --Formica Corporation today announced that it has reached an agreement to sell the equipment assets of its Formica® Flooring business to the Shaw Diversified Services.
Brussels, Belgium, Jan. 21--European Union competition authorities approved DuPont's sale of its Invista clothing and carpet fiber business to polyester maker Koch Industries on Wednesday.
Linwood, PA, Jan. 22--Foamex International Inc today announced that it would restate results for each of the first three quarters of 2003, due primarily to a calculation error in the carrying value of certain in-transit raw materials.
Atlanta, GA, Jan. 20--Steve Newman, former President and CEO of Witex USA, has joined Floor and Décor Outlets of America. In his new role as Vice President, Newman will be responsible for marketing, branding, merchandising, sales promotion and advising th