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.
Dalton, GA, June 29, 2023-Shaw Industries has announced plans to shift production of its residential carpet manufacturing operations in Decatur, Tennessee to other Shaw facilities in Northwest Georgia.
Washington, DC, June 29, 2023—Real gross domestic product (GDP) increased at an annual rate of 2.0% in Q1 2023, according to the third estimate released by the Bureau of Economic Analysis. In Q4, real GDP increased 2.6%.
Washington, DC, June 29, 2023—Pending home sales shrunk 2.7% in May from the previous month, according to the National Association of Realtors.
Van Nuys, CA, June 29, 2023-DFS Flooring has acquired the commercial assets of Pride of Los Angeles, California, a privately owned maintenance company located in Tarzana, California.
Stoddard, NH, June 29, 2023—Carlisle Wide Plank Floors, a designer, manufacturer and direct seller of luxury, hardwood wide plank flooring and portfolio company of Boston-based private equity firm JMH Capital, has been acquired by Switchback Capital, an Austin, Texas-based private equity firm.
Waregem, Belgium, June 29, 2023-Unilin Technologies, the IP and technology division of Unilin, has announced that Novalis, a manufacturer of resilient flooring products, will commence production of Unilin's patented Matte Bevel Technology.
Norwalk, CT, June 29, 2023-Following the creation of Environmental Product Declarations (EPDs) for specific product lines and the data they provided about product lifecycle assessments, Metroflor Corporation announced that it has secured carbon credits to offset the total amount of embodied carbon generated by the manufacture and sale of Déjà New products.
Washington, DC, June 29, 2023—In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 26,000 from the previous week's revised level, according to the Department of Labor.
Brampton, ON, June 29, 2023—Gesco Industries—comprising Shnier (Canadian-based national floorcovering distribution company), Division9 (a supplier of commercial flooring solutions to the architect and design community), and Tierra Sol Ceramic Tile (a supplier of ceramic tile solutions in Western Canada)—announces the sale of Gesco's assets to Ironbridge Equity Partners is complete commencing an exciting new chapter for the organization.
New York, NY, June 29, 2023—"The 2023 recession is missing in action. At the end of last year, economists were more convinced than they’ve ever been that recession was on the way, but it refused to arrive.