Financiers Balking at HD Supply Deal
New York, NY, August 24, 2007--Home Depot is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms.
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.
Gerflor Says its Vinyl Equivalent to “Natural”
Atlanta, GA, August 24, 2007—Gerflor said its vinyl flooring is a favorable option to so-called natural floor coverings in terms of its environmental impact during manufacturing.
Amtico Introduces Spacia Value Flooring
Atlanta, GA, August 24, 2007--Amtico International has introduced Spacia, a lower priced resilient flooring.
Milliken Initiative Focuses on Energy Conservation
LaGrange, GA, August 24, 2007--Milliken & Company launched an energy conservation initiative today.
Mannington Celebrates Safety Milestone
Salem, NJ, August 22, 2007 – Mannington Mills’ Salem, New Jersey, manufacturing facility recently celebrated one year without a time-losing injury.
Architecture Billings Index Up in June
Washington, DC, August 22, 2007--The Architecture Billings Index (ABI) in July reached the second highest mark since the survey’s inception in 1995.
Jobless Claims Fall Last Week
Washington, DC, August 23, 2007--New claims for jobless aid fell 2,000 to 322,000 for the week ended August 18 from an upwardly revised 324,000 the prior week, according to a report from the Labor Department.
Report: Sale of Home Depot’s HD Supply in Doubt
New York, NY, August 23, 2007--A private equity-led buyout of Home Depot's wholesale supply division, due to close on Thursday, could be in trouble because investment banks involved are reluctant to fund the transaction.
Mohawk Launches “Greenworks”
Dalton, GA, August 22, 2007--Mohawk Industries has literally hundreds of environmentally-oriented projects in the works at any given time.
Commercial Loan Originations Remain Strong in 2Q
Washington, DC, August 23, 2007--Commercial and multifamily mortgage bankers' loan originations were once again strong in the second quarter, according to the Mortgage Bankers Association.