Propex Launches Note Exchange Offer
Austell, GA, February 28--Propex Fabrics Inc. announced that it is commencing an exchange offer to exchange its 10% Exchange Senior Notes due 2012.
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 Officially Closes Arkansas Wood Plant
Searcy Arkansas, February 28--The Armstrong plant in Searcy officially closed last week, although a limited crew will continue production through May.
OFIS Opens Parador Showroom in Dubai
Dubai, United Arab Emirates, February 28--OFIS has launched exclusive wooden flooring from Parador, German specialists in laminated, pre-finished timber and timber floorings, according to AME Info.com.
U.K. Mosaics Firm Focusing on U.S.
Port Talbot, Wales, February 25--Mosaici has used computer-aided design to create a series of pattern templates for ancient mosaic tiles which simplifies the usually complex task of recreating 2,000 year-old Roman and Celtic designs, according to the West
Hurricane Rebuilding Pushes 2004 Home Improvements
Tampa, Florida, March 1--The active hurricane season helped drive spending on home improvement products to a new record high estimate of $271.4 billion in 2004, according to the Home Improvement Research Institute (HIRI).
Tom Ridge Named to Home Depot’s Board
Atlanta, GA, February 25--Tom Ridge, the former secretary of the Department of Homeland Security and former governor of Pennsylvania, was named to Home Depot Inc.'s board of directors, the home improvement retailer announced on Thursday.
Revised 4Q GDP Up 3.8%
Washington, DC, February 25--The economy in the fourth quarter grew at an annual rate of 3.8 percent, according to a report from the Commerce Department. The growth was stronger than the 3.1 percent from the estimate a month ago.
Existing-Home Sales Off 0.1% January
Washington, DC, February 25--Existing-home sales, revised with improved methodology, were essentially flat in January but remained at historically high levels, according to the National Association of Realtors.
WSJ: Federated & May Close to a Deal
New York, NY, February 25--The Wall Street Journal reported on Friday that the boards of Federated and May are scheduled to meet in the next two days to finalize terms of a possible merger.
RD Weis Expands Into Raised Access Flooring
Port Chester, NY, February 25--RD Weis Companies has formed a partnership with Free Axez USA, an alliance that expands RD Weis' problem-solving capabilities for today¹s office and technology environments.