Clayton Homes to Buy Karsten Homes
Knoxville, TN, June 28--Clayton Homes, a unit of Berkshire Hathaway, has signed a letter of intent to acquire Karsten Homes, a builder of manufactured homes.
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.
Godfrey Hirst in Talks to Merge with Feltex
Victoria, Australia, June 28--Godfrey Hirst Australia Pty Limited today announced that it has acquired a shareholding of approximately 5.78% in Feltex Carpets Limited through on-market purchases of shares over the last few days.
Flexco Appoints Bob Milk Director of Operations
Tuscumbia, AL, June 27--Flexco, a leading manufacturer of rubber, vinyl and ESD control commercial flooring, recently announced the appointment of Bob Milk as director of operations.
Report: Bids Sought for Unilin, Mohawk Named As Po
New York, NY, June 27—-It was reported in the Wall Street Journal that several private equity firms are lining up to bid for Belgian flooring company Unilin Holding NV. The report indicated that bids are due July 1.
Asbestos Bill May Get Senate Vote in July
Washington, DC, June 24--The co-author of legislation to create a $140 billion asbestos compensation fund said he hoped the bill would get a vote on the Senate floor next month, despite continuing controversy over who would pay what in financing the fund.
Home Depot to Acquire Williams Brothers
Atlanta, GA, June 24--Home Depot, according to the Atlanta Journal-Constitution, plans to acquire Suwanee-based Williams Brothers Lumber Co. to try to bolster its professional contractor business.
HIRI Revises Home Improvement Sales Estimates Up
Tampa, FL, June 23--The dollar estimate of home improvement product sales for 2005 was revised upward by a total of $5.7 billion to a new record high level of $286.5 billion, representing an increase of 5.8% vs. 2004.
Existing Home Sales Set Second Highest Pace on Rec
Washington, DC, June 23--Sales of existing homes were at the second highest pace on record in May as mortgage interest rates continued to decline, according to the National Association of Realtors.
Weseman, Mohawk VP, Dies at Age 42
Dalton, GA, June 23--Bob Weseman, vice president of Mohawk Industries hard surface business, died on June 17 following a long battle with cancer. He was 42 years old.
KB Home's 2Q Earnings Up 78%
Los Angeles, CA, June 22--KB Home, one of the largest homebuilders in the country, reported net income for the second quarter of $181.5 million, or $2.06 per diluted share.