Kraus Carpet Founder Dies
Kitchener, Canada, Nov. 19--The Board of Directors of Kraus Carpet Mills Limited joins the Kraus family and all employees in mourning the passing of Michael Kraus, founder and Chairman Emeritus.
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.
Florida Tile To Close Lakeland, FL Plant
Lakeland, FL, Nov. 18--Florida Tile Industries Inc. announced Monday it will close its Lakeland manufacturing plant.
Consumer Prices Hold Steady
Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.
NFSI Releases Floor Cleaner Safety Study
Southlake, TX, Nov. 18--Many household cleaning products leave floors more slippery than they were before cleaning, the National Floor Safety Institute (NFSI) reported this week.
Boston Group Buying Simmons
Atlanta, GA, Nov. 17--Boston-based private equity firm Thomas H. Lee Partners is acquiring control of bedding manufacturer Simmons Co., maker of the Beautyrest mattress, for $1.1 billion.
About Koch
Wichita, KS, Nov. 18--Koch Industries completed a $4.4 billion acquisition Monday with an agreement to acquire Invista, formerly DuPont Textiles and Interiors, according to the Wichita Eagle.
Global Deal For New Wool Firm
Auckland, NZ, Nov. 18--A new wool company owned by New Zealand's sheep farmers has roared into life with a multimillion-dollar deal to deliver a wonder wool protein to the world's cosmetic buyers.
Quarterly Total State Home Sales Hit New Record
Washington, DC, Nov. 14--Total state existing-home sales activity in the third quarter was the highest on record, with 48 states and the District of Columbia posting increases from a year ago.
Eco-Friendly Structures Catching On
Pittsburgh, PA, Nov. 17--They've figured out how to build carpets from recycled materials, urinals that don't use water, and energy-efficient roofs covered with plants, according to the Philadelphia Inquirer.
Lowe's Posts Earnings Increase
Mooresville, NC, Nov. 17--Lowe's Companies, Inc. today reported net earnings of $452 million for the quarter ended October 31, a 33.3 percent increase over the same period a year ago.