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.
Arlington, VA, August 20-- Interstate Hotels & Resorts (NYSE: IHR), the nation’s largest independent hotel management company, has signed an agreement to manage 54 hotels currently owned by affiliates of Sunstone Hotel Investors.
Eglisau, Switzerland, August 20--Forbo Holding AG Friday swung to a first-half net loss due to value adjustment charges and it said it will dispose of its flooring unit, the company's largest division.
Monticello, AR, August 18 -- Yanoor Corp (d/b/a Burlington Rug Corporation) announced today that its founder and CEO, Saeid Korhani, has sold all of his stock in Yanoor Corp to Prudential Capital Partners, L.P., an investor in Yanoor Corp since 2002.
Billings, MT, August 18--Two longtime professionals in the carpet business have purchased NorthWest Floors at Marketplace West in Billings and plan on offering down-home service, according to the Billings, Montana Gazette.
Dalton, GA, August 16-- Pergo, Inc. filed a lawsuit against Faus and its parent company earlier this month in the United States District Court of the Eastern District of North Carolina.
Washington, August 16--Declining mortgage interest rates helped boost builders’ confidence in the market for new single-family homes this month, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
Kennesaw, GA, August 13--Witex USA announced that Hartwig Siemerling has left the company. Board member and lead director, Herb Biggers, will assume the CEO duties.
Wilmington, DE, August 12--The DuPont Co. on Wednesday sought a hearing to challenge federal allegations that the company failed to report health and environmental threats from a chemical used to make Teflon and other common consumer products.
Manchester, NH, August 10--Carpet One announced the top-selling dealers and industry leaders who were recently recognized at the 2004 Carpet One International Summer Convention held in Dallas, Texas.
Dalton, GA August 10--Tandus Group will close its broadloom carpet manufacturing plant in Santa Ana, Calif., and transfer most of those assets to its existing Truro, Nova Scotia, Canada, facility.