Turnaround Firm Sees Value in IWT Tesoro
IWT Tesoro Corp. plans to grow significantly through acquisitions once it emerges from Chapter 11 bankruptcy early next year.
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.
Asian Bamboo launches IPO
Hamburg, Germany, November 5, 2007--Asian Bamboo AG, a producer of bamboo trees and organic bamboo shoots in China, has outlined details of its forthcoming initial public offering on the Prime Standard of the Frankfurt Stock Exchange.
American Capital Strategies Buys Rug Doctor
Plano, TX, November 5, 2007--Rug Doctor, maker of carpet cleaning rental machines, said that American Capital Strategies Ltd of Bethesda, Maryland has purchased the majority of the company.
UFloor Names Hodges Product Manager
Greensboro, NC, November 5, 2007—UFloor Systems has appointed Mike Hodges product manager.
Caucus Formed to Raise Awareness of Green Schools
Washington, DC, November 2, 2007-- A new caucus in the U.S. House of Representatives has formed to promote the benefits of green schools.
Carpet Recycling Firm Launched in San Francisco
San Francisco, CA, November 5, 2007— SF Carpet Recycling (SFCR), a new carpet recycling firm, has been launched in San Francisco.
Report: Green Building Market to Grow $2B+ by 2011
New York, NY, November 5, 2007-- A new report from finds that the booming green building market will continue its rapid expansion through 2011, more than doubling in size to $4.7 billion in the next four years.
Propex Says It Has Sufficient Cash on Hand
Chattanooga, TN, November 1, 2007--Propex Inc. said it has failed to comply with terms of a January 31, 2006 credit agreement and has hired a financial consultant to help it negotiate with lenders and decide how to finance the company.
Mirage Adds Distributor Belknap White Alcco
Saint-Georges de Beauce, Québec, November 1, 2007-- Belknap White Alcco will distribute Mirage products in Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
Shaw Showcased In Traditional Home Show
Dalton, GA, November 1, 2007- Shaw’s eco-friendly Epic hardwood is featured in a Traditional Home Show house in Atlanta, Georgia.