Carpet City Promised in Pakistan
Lahore, Pakistan, December 27, 2006--The problems faced by the carpet industry will be solved on priority basis and the government will provide land for a “carpet city” within a year, said nazim Mian Amer Mehmood.
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.
Bassett Furniture to Restate Earnings
Bassett, VA, December 22, 2006--Bassett Furniture said it will restate its financial statements for the year ended November 26, 2005, as part of its fiscal 2006 annual report as a result of accounting changes related to some acquisitions.
OxyMagic Carpet Cleaning Offering Franchises
Tulsa, OK, December 20, 2006--After years of working for others, David Iseley, the founder and chief executive of Tulsa-based OxyMagic Carpet Cleaning, has turned his war against dirty carpets into a franchise company.
Fieldturf President Files Complaint Against Millst
Wayne, PA, December 20, 2006--Millstream II Acquisition Corporation a special purpose acquisition company, said it has been served with a complaint seeking to enjoin Millstream II from holding the special meeting of stockholders.
H.I.G. Capital Recapitalizes Augusta Lumber
Miami, FL, December 19, 2006—Private equity firm H.I.G. Capital said it has recapitalized Augusta Lumber Co., Inc. and its affiliates.
Eliane Intros Versatile
Carrollton, TX, December 19, 2006--Eliane will introduce Versatile, a multifaceted fully-rectified porcelain series with a range of finishings.
Finland's Karelia Acquires Facility in Romania
Kuopio, Finland, December 18, 2006--Hardwood flooring producer Karelia said it has acquired Romanian factory and sawmill Larodan, located in Transylvania, close to oak, ash and beech forests.
Hakatai Adds “To the Trade” Website Function
Ashland, OR, December 14, 2006--Hakatai Enterprises, Inc., importer and distributor of glass tile, recently launched a “to the trade” function to their website.
Pier 1 3Q Losses Widen
Fort Worth, TX, December 14, 2006--Pier 1 Imports Inc. said its fiscal third-quarter loss widened as sales slumped and marketing costs increased.
Nourison Makes Sales Department Changes
Saddle Brook, NJ, December 12, 2006--Nourison has made a number of internal personnel changes in its sales department.