The United States Bankruptcy Court for the Southern District of New York has issued an order approving Formica Corp.'s disclosure statement with respect to its
plan of reorganization.
Armstrong World Industries Inc., the operating subsidiary of Armstrong
Holdings Inc., has announced a significant step toward ultimate approval of its Chapter 11 plan of reorganization (POR).
Jeremy D. Williams has joined VPI Floor Products Division as general manager and Jim J. Breitenfeld has assumed the marketing manager position for the company.
Alloc's newly introduced Alloc Microbevel direct-pressure laminate (DPL) flooring features a small bevel at the edges of each plank to create a realistic rustic wood plank look.
DuPont has agreed to sell its Invista textiles unit, which makes nylon and spandex, to two Koch Industries subsidiaries for $4.4 billion in cash. The transaction with KED Fiber Ltd. and KED Fiber LLC is expected to close in the first half of 2004, subject to government approval.
Citing several years of significant decline in the demand and sales of conventional commodity wall tile and trim, Florida Tile Industries has announced the planned closure and consolidation of its Lakeland, Fla., manufacturing plant, one of three manufacturing facilities the company operates.