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.
Lancaster, PA, July 12, 2022-Armstrong Flooring announced that, in continuation of its ongoing Chapter 11 restructuring, the auction held as a part of its court-supervised sale process has concluded with the following bids deemed as the highest and best offers:
New York, NY, July 12, 2022-Nemo Tile + Stone has announced the acquisition of Tile Market of Delaware.
New York, NY, July 12, 2022—In the month of May, Italy jumped to first place in ceramic tile imports with 3.4 million square meters, followed by Spain 2.9 million square meters, Mexico 2.7 million square meters, India 2.46 million square meters, Turkey 2.4 million square meters and Brazil 1.8 million square meters, reports Grosser Consulting.
St. Louis, MO, July 12, 2022—EJ Welch Company, a division of Center Rock Capital Partners’ Merit Distribution Group based in St. Louis, Missouri, is continuing along its path of expansion in the flooring industry by expanding its leadership team.
Bethany, CT, July 12, 2022-Laticrete has promoted Sharon La Riviere to manager, digital marketing.
Washington, DC, July 12, 2022—Climbing housing costs are set to keep inflation elevated this year, creating another challenge for Federal Reserve officials who want to see signs that price pressures are easing before slowing their interest-rate increases, reports the Wall Street Journal.
Washington, DC, July 12, 2022—The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98.
Lancaster, PA, July 11, 2022-Armstrong Flooring announced on July 10 that it has entered into a binding Asset Purchase Agreement with a consortium of buyers consisting of AHF and Gordon Brothers pursuant to which these buyers will acquire substantially all Armstrong Flooring’s North American assets for $107 million in cash and assumption of specified assumed liabilities.
Spartanburg, SC, July 11, 2022—Milliken will initiate a 10% to 12% price increase for its commercial soft surfaces.
Raleigh, NC, July 11, 2022—Fishman Flooring Solutions has relocated its Raleigh, North Carolina location.