Report: Squeeze-Out Plan at Tarkett AG
Frankenthal, Germany, March 2—-Tarkett AG, the German flooring manufacturer, looks likely to be delisted from the German stock exchange according to the Financial Times.
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.
Women Gaining Influence in Home Improvement Market
Las Vegas, March 2--A growing number of women are nailing down their influence in the world of home improvement, accounting for 35.8 percent of the total residential repair and remodeling purchases in 2004, a significant jump from 28.6 percent in 1995.
Unilin Hiring for New North Carolina Facility
Thomasville, NC, March 2--Hiring continues at Belgian-based manufacturer Unilin Flooring as the company completes work on expanding its facilities to a total of 1.1 million square feet when complete.
Hovnanian Buys Town & Country Homes, 2nd Acquisiti
Red Bank, NJ, March 2--Hovnanian Enterprises Inc. acquired privately held homebuilder Town & Country Homes Inc. for an undisclosed price in a deal expected to boost 2005 earnings by 5 cents per share.
New Era: Ruling Leaves Armstrong Still 'Paraly
Lancaster, PA, March 2-- Armstrong World Industries, according to the Lancaster New Era, still will have to do business with one hand tied behind its back.
Report: Mannington Doubling Capacity at Alabama Wo
Houston, TX, March 2, 2005—-Research from Industrialinfo.com indicates that Mannington Floors Inc., a business unit of privately-held Mannington Mills Inc.(Salem, N.J.), is increasing its hardwood flooring manufacturing capacity.
Mergers Drive Layoffs Up
New York, NY, March 2--Layoffs jumped 17 percent in February to 108,387, boosted by increased merger and acquisition activity, according to international outplacement firm Challenger Gray & Christmas.
Carpet One’s New Store Design Program Increases Sa
Manchester, NH, March 1--Last February, Carpet One unveiled its comprehensive new store planning program, "Destination: Carpet One," designed to help its members create attractive, comfortable and functional retail environments.
Manufacturing Slows in February
Tempe, AZ, March 1--Economic activity in the manufacturing sector grew in February for the 21st consecutive month, while the overall economy grew for the 40th consecutive month.
China Protects Domestic Timber while Smuggling Rar
Nanxun, China, March 1--China's voracious appetite for timber is threatening exotic forests as far away as Brazil, West Africa, Indonesia and Russia's Far East.