S&P Cuts Congoleum Ratings
New York, NY, Apr. 5--Standard & Poor's Ratings Services said today it lowered its ratings on vinyl-flooring manufacturer Congoleum Corp. to 'D' and removed them from CreditWatch.
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.
Minuteman Receives Tender Offer
Addison, IL, Apr 5--Minuteman International, Inc., the floor-care equipment and chemical manufacturer today announced that it has received a letter from Hako-Werke International GmbH.
Service Sector Shows Muscle
Tempe, AR, Apr. 5--The U.S. economy outside the manufacturing sector steamed forward in March, a private survey of businesses found, as hiring picked up and prices rose.
Glen Eden Launches Michael Graves Collection
Calhoun, GA, Apr. 5--Internationally renowned architect Michael Graves has been on the forefront of architectural and interior design for 30 years.
Niblock Tapped as Lowe's Next Chairman & CEO
Mooresville, NC, Apr. 5--Lowe's Companies, Inc. announced today an orderly succession plan under which company president Robert A. Niblock has been named chairman and chief executive officer-elect, until the planned retirement of Robert L. Tillman sch
Foamex Hires New Audit Firm
Linwood, PA, Apr. 1--Foamex International Inc. dismissed Deloitte & Touche LLP (DET.XX) as its independent auditor on March 26, according to a Form 8-K filed Friday with the Securities and Exchange Commission.
Ontario to Set 60% Target for Recycling
Toronto, ON, Apr. 5--The Ontario government is to announce today its goal of recycling 60 percent of the province's waste by 2008, according to the Toronto Star.
Robina Buys Classen USA Assets
Kennesaw, GA, Apr. 5--Robina Inc., a subsidiary of the Robina Flooring Company in Malaysia, announces the acquisition of Classen USA’s assets effective April 1st.
Flooring America to Market New Line of Solid Hardw
Camarillo, CA, Apr. 5--SMT Woods of Camarillo, CA announced today that it has secured an agreement with Flooring America to market and sell Living-Art, its new line of 5/16" pre-finished solid wood flooring.
Denver Investment Firm Acquires CA Based Interior
Denver, CO & Carlsbad, CA, Apr. 5--KRG Capital Partners, the largest buyout firm headquartered in Denver, has made its first acquisition in outsourced services for the homebuilders industry.