Private Equity Firm Buys Linden Lumber Company
Miami, FL, April 8, 2008 – Private equity firm H.I.G. Capital has purchased Linden Lumber Company.
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.
Flowcrete Gets New U.S. Owner
Sandbach, Cheshire, UK, April 8, 2008--Flowcrete Group plc, has been acquired by U.S.-based RPM International Inc, a multinational holding company.
Prilutski Named Foamex Chief Operating Officer
Linwood, PA, April 7, 2008--Foamex has appointed David J. Prilutski executive vice president and chief operating officer.
Online Spending Growth To Slow Down This Year
Cambridge, MA, April 8, 2008--Online spending is expected to increase 17 percent this year, according to an annual survey by research firm Forrester Research for Shop.org, an arm of the National Retail Federation.
Kronospan Alabama Plant Running Full Bore
Oxford, AL, April 8, 2008--Kronospan is now working around the clock at its Oxford, Ala. plant.
Consumers Have Increasing Trouble Paying Loans
Washington, DC, April 7, 2008—Consumer credit delinquencies in the fourth quarter of 2007 reached their highest levels since 1992.
Pfleiderer Names Executive Board Member
Neumarkt, Germany, April 8, 2008-- Pfleiderer AG has named. Pawel Wyrzykowski as a member of its Executive Board, effective after Sept. 1.
NWFA Presents Golden Mallet Awards
St. Louis, MO, April 7, 2008--The National Wood Flooring Association presented its 2008 Golden Mallet awards during its convention in Fort Lauderdale March 25-28.
Consumer Borrowing Falls Significantly in February
Washington, DC, April 7, 2008—Consumers significantly slowed their pace of borrowing in February, according to the Federal Reserve.
Foamex Swings to Loss in 2007
Linwood, PA, April 7, 2008-- Foamex International Inc. reported a net loss for the fourth quarter of $35.6 million, or $1.51 per diluted share, compared to net income of $1.1 million, or $0.12 per diluted share, in the fourth quarter of 2006.