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.
NAR: Sales of Second Homes Surge
Washington, DC, March 1--A new study shows sales of second homes surged in 2004, and that investment property and vacation homes make up a significant portion of the overall housing market.
Construction Spending Record-Setting in January
Washington, DC, March 1—-Construction spending increased 0.7 percent in January to a record $1.047 trillion annual rate, according to the Commerce Department.
Hovnanian Acquires Cambridge Homes
Red Bank, NJ, March 1--Hovnanian Enterprises has acquired the assets of Cambridge Homes, a privately held Orlando homebuilder.
Chain Store Sales Up 1.5% Last Week
New York, NY, March 1—-Chain store sales increased by 1.5% in the week ended Feb. 26 compared to the week before, according to the International Council of Shopping Centers-UBS Retail Chain Store Sales Index. In the prior week the index was off 0.1%.
Pergo in Arbitration With HW Industries
Trelleborg, Sweden, March 1—Pergo has begun arbitration proceedings with HW Industries GmbH & Co KG in a case that concerns the reciprocal claims submitted by both parties.
Flooring America Launches New Marketing Programs
Manchester, NH, March 1--Flooring America and Flooring Canada armed members with new, key marketing programs designed to show the value of national marketing and build their businesses locally.