Fed Uses Optimistic Tone in Latest Statement
Washington, DC, March 16, 2011 -- The Federal Reserve said Tuesday it will remain on its current course of pumping more cash into the economy even though the economy appears to be improving.
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.
Ecore Recapitalizes, To Merge Facilities
Lancaster, PA, March 16, 2011 –- Recycled rubber flooring firm Ecore International Inc. said it has closed a $40 million recapitalization and refinancing package.
Laticrete Acquires Drytek Flooring Solutions
Bethany, CT, March 16, 2011 -- Latricrete said it has acquired Drytek Flooring Solutions, a supplier of self-leveling cements, decorative concrete toppings, and related products and systems.
InterfaceFlor ReEntry Program Now in Europe
Atlanta, GA, March 16, 2011 -- InterfaceFlor has expanded its ReEntry 2.0 system of separating yarn and backing from used carpet tile into Europe at its operation in the Netherlands.
Chain Store Sales Higher Than Last Year
New York, NY, March 15, 2011 -- Chain-store sales for the week ended March 12 rose 3.1% year-over-year, according to the International Council of Shopping Centers and Goldman Sachs
Wholesale Prices Surge on Food, Energy Costs
Washington, DC, March 16, 2011 -- Wholesale prices rose sharply last month due to higher energy costs and the largest rise in food prices in 36 years, according to the Labor Department.
New York Tile Companies Merge
Irondequoit, NY, March 16, 2011 -- Tile Wholesalers company has joined forces with The Tile Room, formerly in Rochester.
Housing Market Index Ticks Up in March
Washington, DC, March 15, 2011 -- The National Association of Home Builders/Wells Fargo Housing Market Index edged up a point to 17 in March, marking the highest reading since May 2010.
Süddekor Names Hoelzer CEO
Agawam, MA, March 15, 2011 -- Joe Hoelzer has been named president and CEO at Süddekor LLC, effective April 1.
Oriental Weavers Signs Distributor Lane Sales
Dalton, GA, March 15, 2011 -- Oriental Weavers USA has signed distributor Lane Sales to represent Sphinx broadloom in Connecticut, New Jersey, and New York.