Witex AG Will File Bankruptcy
Kennesaw, GA, May 28--As reported on floordaily.net earlier, Pergo has decided to cancel the acquisition of Witex AG.
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.
Binder Appointed New Marketing VP at Flooring Amer
Manchester, NH, May 29--Deb Binder has joined Flooring America as its vice president of marketing, announced Evan Hackel, president.
CRI Distributes Video to Physicians
Dalton, GA, May 28--More than 15,000 asthma and allergy physicians throughout the U.S. are receiving a 3-minute audio-visual presentation highlighting new studies confirming that well-maintained carpet helps to reduce the likelihood of breathing problems
WONZ to Provide Wool Research Technology to India
Sydney, Australia, May 28--New Zealand will provide wool research technology to India under a Memorandum of Understanding signed between the Indian Institute of Carpet Technology and Wool Research Organisation of New Zealand.
New Home Sales Rise
Washington, DC, May 27--Low mortgage rates beckoned buyers in April and pushed up new-home sales to the highest level this year.
FieldTurf Files Patent Infringement Suit
Dalton, GA, May 28--FieldTurf announced it has filed a patent infringement lawsuit in U.S. Federal Court against Triexe Management Group, Inc. (d.b.a. Sportexe).
Consumer Confidence Up
New York, NY, May 27--Consumer confidence rose moderately in May to a six-month high, as consumers are looking forward to a turnaround in business and job conditions in coming months, a survey said on Tuesday.
Armstrong World Lowers Reorganization Value
Lancaster, PA, May 27--Armstrong World Industries lowered its forecast of its value when it emerges from Chapter 11 bankruptcy protection.
Pergo Cancels Witex Acquisition
Trelleborg, Sweden, May 27—Last week, Pergo put its acquisition of Witex on hold due to Witex’s weakened financial position. Today, Pergo indicated it has canceled the deal.
DuPont Extends DuPont Canada Share Offer
Wilmington, DL, May 24—DuPont announced that DCI Acquisition Inc., a subsidiary of DuPont, has extended the expiration time for its April 17 offer to acquire all of the outstanding class A common shares