Home Depot Downgraded by Piper Jaffray
Minneapolis, MN, June 21, 2007—Home Depot has been downgraded to market perform from outperform by Piper Jaffray.
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.
Armstrong Ceiling Workers Approve Deal
Lancaster, PA, June 20, 2007--Instead of striking Friday, unionized workers at Armstrong World Industries' Marietta ceiling plant approved a revised contract offer by a slim margin and stayed on the job.
HD Supply Acquired for $10.3B
Boston, Washington, New York, June 19, 2007--Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice, Inc. today signed a definitive agreement with Home to acquire its wholesale distribution business, HD Supply.
USGBC Makes $1M Commitment to Green Building
Washington, DC, June 20, 2007--The U.S. Green Building Council (USGBC) today announced that it will commit $1 million to green building research.
Ekowood to Increase Malaysian Plant Capacity
Gopeng, Malaysia, June 20, 2007--Ekowood International Bhd, which manufactures engineered solid hardwood flooring, is embarking on a RM18 million to RM20 million expansion to raise capacity at its Gopeng plant by 80 per cent.
Bonsal American Acquires Pre-Blend Products
Charlotte, NC, June 20, 2007--Bonsal American has acquired Pre-Blend Products, Inc., a manufacturer of packaged construction products, based in Fairless Hills, Pa.
Bolyu Introduces Sideways and Connex
Adairsville, GA, June 20, 2007--Two coordinating styles from Bolyu Contract offer exciting color and texture while serving as a bridge with other Bolyu styles.
Interface Selling Fabrics Unit
Atlanta, GA, June 20, 2007--Interface, Inc. said it has entered into a definitive agreement to sell its fabrics division in an all-cash transaction valued at up to $70 million.
VitrA Intros the Shiba Collection
Suwanee, GA, June 20, 2007-- Vitra Tiles USA, marketers of the comprehensive Vitra tile collection, introduces the Shiba Collection.
Omnova Solutions Posts 2Q Loss
Fairlawn, OH, June 20, 2007--Omnova Solutions swung to a loss in the second quarter as debt redemption costs offset revenue growth.