BASF Increasing MDI Capacity at Louisiana Plant
Wyandotte, MI December 14, 2021—The implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for BASF’s Verbund site in Geismar, Louisiana is progressing on schedule.
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.
NeoCon Now Accepting Submissions for 2022 Programming
Chicago, IL, December 14, 2021—NeoCon’s submission for presentations for NeoCon 2022 Programming is now open. This programming will be running virtually and onsite at NeoCon 2022 in June, as well as virtually and onsite throughout the year.
PE Firm ADV Partners Invests in CFL
Calhoun, GA, December 13, 2021- The founders of CFL Flooring (Creative Flooring Solutions), a producer of stone polymer core (SPC) and other multilayer flooring new materials, have decided to let external private equity (PE) investors join CFL in order to prepare the company for the next growth sprint all the while keeping a strong overall majority ownership.
Adleta Ownership Forms ESOP, Sells 100% of Stock
Carrollton, TX, December 13, 2021-Effective immediately Dianne and Jack Adleta have sold 100% of their Adleta Corporation stock to the newly formed Employee Stock Ownership Plan (ESOP).
Companies Delaying Return to Office Amid Omicron
New York, NY, December 13, 2021-Companies of all sizes are rethinking their plans to send workers back to the office as the new omicron variant adds another layer of uncertainty, reports the Associated Press.
NWFA Accepting Submissions for '22 Wood Floor of the Year Awards
St. Louis, MO, December 13, 2021-The National Wood Flooring Association’s (NWFA) Wood Floor of the Year awards is now accepting submissions for 2022.
Schuberts Carpet Store Closes Doors After 76 Years
Jamestown, ND, December 10, 2021-Schuberts Carpet One Floor & Home located in Jamestown, North Dakota closed its doors on November 30, reports The Jamestown Sun.
Milliken Sells MilliCare to PE Firm Riverside Capital
Cleveland, OH, December 10, 2021-The Riverside Co. has announced the acquisition of Milliken’s MilliCare Floor & Textile Care of Spartanburg, South Carolina, as an add-on for its Clintar portfolio company.
November Inflation at 39-Year High
Washington, DC, December 10, 2021—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8% in November on a seasonally adjusted basis after rising 0.9% in October, the U.S. Bureau of Labor Statistics reported.
Consumer Sentiment Rose 4.5% in Early December
Ann Arbor, MI, December 10, 2021—Consumer sentiment rose 4.5% to 70.4 in early December, according to preliminary results from the University of Michigan Survey of Consumers.