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.

WG McMahon Acquires Royal Scot

Lemont, IL, Feb. 13--WG McMahon Inc., a subsidiary of Kraus Carpet Mills, has acquired a majority interest in Royal Scot Floorcovering Distribution.

Invista Sale to Include $1.8B Bank Loans, $1.2B Bo

Wilmington, DE, Feb. 12--DuPont Co. textile unit Invista is planning to offer $1.2 billion in senior notes and $1.8 billion in bank credit facilities to help finance Koch Industries Inc.'s leveraged buyout of the unit.

Feltex Carpets to Cut 70 Jobs

Auckland, New Zealand, Feb. 13—It was reported that approximately 70 people will lose their jobs at a Christchurch carpet factory.

Georgia-Pacific Names New European, Dixie Presiden

Atlanta, Feb. 12--Georgia-Pacific Corp. today named new presidents of the company's European consumer products business and its Dixie business, a vice president of research and development, a vice president and controller, and a vice president of inte

Record Number of Exhibitors Slated for ASCR Annual

Millersville, MD, Feb. 12--The Association of Specialists in Cleaning and Restoration (ASCR) has announced that a record number of exhibitors will participate in the Association’s 2004 annual meeting.

Greenspan Sees New Strength, But Says Deficits Are

Washington, DC, Feb. 11--Federal Reserve Chairman Alan Greenspan said Wednesday the U.S. economy has made "impressive gains" since last summer and predicted that even the lagging job market should perk up in coming months.