Buffett Gets Burlington
Greensboro, NC & Omaha, NE, Feb. 11--Burlington Industries and Berkshire Hathaway have executed a definitive agreement for Berkshire to acquire Burlington for $579 million in cash.
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.
Average Lowe's and Home Depot Customer Similar
Atlanta, GA, Feb. 11--Home improvement industry observers have long believed Lowe's appeals more to women, but a new study finds the Lowe's attracts no more female shoppers than rival Home Depot.
Schumacher Homes Wins Award
Canton, OH, Feb. 11-- Schumacher Homes has received the Gold Award for Design Centers from the National Association of Home Builders, ranking the scattered site home builder as the nation's leader.
Lauzon Enters Partnership Agreement
Papineauville, Quebec, Feb.5--Lauzon Industries has entered into a private Partnership Agreement with ATAG Asset Management, an independent European investment and asset management company.
Mohawk Has Record Year End Earnings
Calhoun, GA, Feb. 7--Mohawk Industries had fourth quarter net earnings of $84.2 million (42% above last year) or $1.25 earnings per share (13% above last year), the highest quarterly earnings and EPS ever recorded by the company.
Pergo’s Annual Sales Down
Trelleborg, Sweden, Feb. 10--Pergo AB had sales of 3.194 billion SEK for the year, a decrease of 11% from 3.729 billion SEK the year before, excluding currency effects. The decline was primarily due to lower price levels in North America and, to some exte
Sherwin-Williams Profit Up
Cleveland, OH, Feb. 6--Sherwin-Williams’ fourth quarter profits rose 25.7%, boosted by sales of paint to do-it-yourselfers and by cost cuts.
Unemployment Rate Drops
Washington, DC, Feb. 7--The nation's unemployment rate dropped to 5.7% in January as businesses added 143,000 new jobs, some good news for an ailing economy.
Frierson Named to Louisiana-Pacific Board
Portland, OR, Feb. 5--Daniel K. Frierson, chairman & chief executive officer of The Dixie Group, has been elected to Louisiana-Pacific's board of directors, effective February 1.
Lowe’s To Build Florida Warehouse
Wilkesboro, NC, Feb. 4--Lowe's Home Improvement Warehouse plans to construct a new, state-of-the-art regional distribution center (RDC) in Osceola County, Florida.