Automotive interior maker Collins & Aikman Corp., whose results have slumped amid slower auto production and costs related to retirement of debt, said that private equity firm Heartland Industrial Partners, LP will take a 60% stake valued at $260 million.
Ray C. Anderson, who declared war on waste in products and processes at the world's largest commercial carpet company, has been named recipient of the 2001 George and Cynthia Mitchell International Prize for Sustainable Development.
BP Amoco Plc, the No. 3 publicly traded oil company, said it's seeking buyers for two plastic-processing units with combined sales of $1 billion as the company focuses on chemical businesses more closely linked to oil.
Foamex International Inc., a leading manufacturer of flexible polyurethane and advanced polymer foam products, has appointed Theodore J. (Terry) Kall, 60, executive vice president of Foamex International Inc. and president of the company's carpet cushion business.
AmericasMart.com, the business-to-business eCommerce venture of the nation's largest gift, home furnishings, area rug and apparel marketplace, now provides corporate purchasing options for AmericasMart/Atlanta Buyers and Exhibitors available through an alliance with UPS Capital Corp., the financial services arm of UPS.
Heartland Industrial Partners is negotiating to buy Collins & Aikman Corp., the largest maker of automobile carpet, for about $1.2 billion from the Blackstone Group LP and Wasserstein Perella & Co.
USG Corp. has released details of two major initiatives developed to help clarify the company's financial performance and further strengthen its competitive position.
Q.E.P. Co. Inc. has reported that its fiscal 2001 third-quarter net sales were $26.3 million compared with $28.2 million in the comparable prior-year quarter.
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