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.

Q.E.P. Retains Investment Banker for Strategic Mat

Boca Raton, FL, March 8, 2006--Q.E.P. Co., announced that it has retained an investment banking firm to assist it on certain strategic matters. Houlihan Lokey Howard & Zukin will evaluating a number of alternatives to address the limited liquidity and tra

StarNet/CARE Reclamation Program Recognizes Pfizer

Ridgefield, CT, March 8, 2006--StarNet Commercial Flooring Cooperative, the largest member-owned cooperative of independent, commercial floor covering contractors in North America, recognized the carpet reclamation efforts of Pfizer New York World Headqua

Shaw to Convert Shuttered Yarn Plant to Hardwood F

Dalton, GA, March 7, 2006--Shaw Industries plans to spend $20 million to convert a yarn plant it closed three years ago in South Pittsburgh, Tennessee, into a hardwood flooring factory. Current plans call for the plant to open this summer.

Mohawk Expands on Backing Plant Purchase

Calhoun, GA, March 7, 2006--Mohawk Industries, discussing its purchase of a secondary backing plant in Roanoke, Alabama, from Propex Fabrics late last month, said the move was the company’s second strategic verticalization of primary and secondary backing

Berkshire, Shaw Earnings Up

Omaha, NE, March 6, 2006--Berkshire Hathaway Inc., reported fourth-quarter earnings that were up 54% despite heavy payouts to hurricane-related claims.

DomoTex asia / ChinaFloor Number 8 Expected to Set

Shanghai, China, March 6, 2006--The flooring market is preparing once again to be present in Shanghai. With an exhibition space of 74,750, (a growth of 62,5%) the trade fair will be the second largest flooring show in the world after its sister show Domot

Pergo and HW Settle Arbitration

Stockholm, Sweden, March 3, 2006--Pergo AB, Pergo Holding BV and HW Industries GmbH & Co., KG are pleased to announce that the arbitration between HW Industries and Pergo AB initiated during the first quarter 2005 has been settled on mutually beneficial t

Consumer Sentiment Slides 0.7 Point

Anna Arbor, MI, March 3, 2006--Consumer sentiment weakened slightly in late February, according to research from the University of Michigan. The university reported that the consumer-sentiment index dropped to 0.07 points to 86.7 points in late February.

Dixie Group’s 4Q Earnings Slide

Chattanooga, TN, March 02, 2006--The Dixie Group reported income from continuing operations for the fourth quarter of $3.3 million, or $0.25 per diluted share, compared with $5.0 million, or $0.40 per diluted share, for the prior-year period.

Mohawk to Acquire Propex Plant

Calhoun, GA, March 1--Mohawk Industries, Inc., agreed to purchase one plant located in Roanoke, Alabama, that produces secondary carpet backing from Propex Fabrics Inc. The new plant employs approximately 470 individuals.