Witex USA Acquired by Investment Group
Atlanta, GA, Jun. 7--Witex USA has been acquired by an investment group including Bill Hamlin, KCA Capital, Chatham Capital and senior management.
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.
Sabosik New StarNet Chairman
Ridgefield, CT, Jun. 7--StarNet announced three Board appointments. Jim Creamer, president and CEO of Potomac Floor Covering and Chuck Rajner, VP of OCP Contractors were elected Director positions. Bob Sabosik, president of M.E. Sabosik, Inc., is the new
Unemployment Rate Holds Steady
Washington, DC, Jun. 4--Employers hired workers at a rapid pace for a third month in a row, validating Wall Street's view that the job market finally is healthy enough to permit the Federal Reserve to start raising interest rates for the first time si
Mannington to Increase Some Resilient Prices
Salem, NJ, Jun.3--Mannington Mills announced today that due to significant cost increases in raw materials, energy and transportation, the company is implementing a 4% to 6% price increase on selected resilient products.
Productivity Up
Washington, DC, Jun. 3--The productivity of America's workers in the opening quarter of 2004 grew at a brisk 3.8% annual rate, faster than previously thought. Labor costs moved up.
Ready Named President & CEO, Armstrong Floor Produ
Lancaster, PA, Jun. 1--Armstrong Holdings, Inc. today announced that Frank Ready has been named President and CEO of Armstrong Floor Products North America, effective immediately.
Armstrong Increases Price on Sheet Vinyl
Lancaster, PA, May 28--Due to significant increases in key raw materials, as well as higher energy and transportation costs, Armstrong Floor Products is announcing a four to six percent price increase on selected residential and commercial vinyl sheet flo
Pergo: Click-Joint Dispute Now Closed
Trelleborg, Sweden, May 27—Pergo said today that as it had announced earlier, the Court of Appeal for the Federal Circuit in the United States has affirmed the ruling from the US International Trade Commission (ITC) from March 2002.
Durable Goods Orders Off
Washington, DC, May 26--Demand for longer-lasting manufactured goods took its biggest tumble in a year and a half during April following big back-to-back increases.
Feltex Puts Low Value on Shares
Aulkland, New Zealand, May 25--Feltex Carpets yesterday priced its $254 million share offer at the bottom end of expectations as New Zealand's biggest issue in five years drew a lukewarm response from institutions.