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.
Mercerville, NJ, Jan. 13--Congoleum Corporation plans to file a prepackaged plan of reorganization under Chapter 11 of the United States Bankruptcy Code. The move is part of a reorganization strategy to free itself from mounting asbestos claims.
Morris Township, NJ, Jan. 14--Honeywell has agreed to purchase BASF’s $350 million nylon fiber business as part of a deal in which BASF will acquire Honeywell’s engineering plastics business.
Trelleborg, Sweden, Jan. 14--Anthony Sturrus has been named president of Pergo, Inc. as well as senior vice president of the North American region of Pergo. He replaces Lars von Kantzow who resigned in October.
Farnham, Quebec, Jan. 13--Domco Tarkett has selected Lars von Kantzow, former president and CEO of Pergo and now president of TriCrown Consulting in Cary, North Carolina, to spearhead a corporate identity and branding program, according to Ulf Mattsson,
New York, NY, Jan. 13-- The nation's unemployment rate held at 6% in December, according to the Labor Department, as employers cut over 101,000 positions, the sharpest decline in 10 months.
Washington, DC, Jan. 10--Rates on 30 year mortgages edged up this week after dropping to a new low last week. But rates are still sufficiently low to be attractive to house hunters thinking about buying a home and people mulling refinancing the home that
Boca Raton, FL, Jan. 9--Q.E.P. Co., a manufacturer, marketer and distributor of a broad line of specialty tools and flooring related products, had net sales its fiscal 2003 third quarter ended November 30 grew 21% versus the comparable prior year period,
St. Louis, MO, Jan. 9--Solutia expects fourth quarter earnings to be down approximately $.20 per share, including a net charge of approximately $.04 per share related to Solutia's interest in the Flexsys rubber chemicals joint venture.
Washington, DC, Jan. 10--Employee confidence declined in December to 66 as employees expressed decreasing confidence in the U.S. job market.
Anaheim, CA, Jan. 8—The late Shirley J. Lorberbaum has been voted into the World Floor Covering Association Industry Hall of Fame. The induction ceremony will be held on January 30 at Surfaces in Las Vegas.