The new Burlington Rug Corp., a supplier of mass-produced area rugs, has purchased the Burlington House Floor Accent manufacturing facilities in Monticello, Ark. The 1 million-square-foot facility is capable of producing more than 10 million rugs annually.
BASF Carpet Products is launching a new initiative for its advanced engineered fiber, Savant, that addresses the rapidly evolving issue of sustainability in the commercial carpet market.
Armstrong DLW AG, a subsidiary of U.S.-based Armstrong Holdings Inc., has entered into talks with CVC Capital Partners on the possible sale of the
European components of its Textiles and Sports Flooring division, which operates under the brand name Desso.
Housing starts rose strongly in January to their highest level in nine months, the government said in a report that suggested lower mortgage rates were breathing life into the housing market.
Armstrong Holdings, whose operating unit, Armstrong World Industries Inc., filed for Chapter 11 protection in December to resolve its asbestos liability, reported that it would disclose its financial results for 2000 in its 10-K report to the SEC in late March.
Indicating that favorable financing conditions are helping stabilize the nation's single-family housing market, the National Association of Home Builders' Housing Market Index (HMI) rebounded three points to 58 in February from an upwardly revised 55 reading in the previous month.
Design Flooring Distributors of Deerfield Beach, Fla. has been selected as the exclusive distributor of Mirage prefinished hardwood flooring throughout Florida and the east coast of Georgia.
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