A new 14-page floor covering industry white paper, released today by the National Floor Covering Distributors (NAFCD), National Wood Flooring Association (NWFA), and Indian River Consulting Group, sheds new light on how U.S. flooring distributors have responded to structural change in the flooring industry during the 1990s and debunks some of the dour developments industry observers had predicted for this industry segment over the decade.
U.S. sales of new single-family homes declined in November to the slowest pace in three months without straying off track to make 2000 the second-best year on record, according to a U.S. Department of Commerce report.
Collins & Aikman Floorcoverings Inc. reported that it has received consents from holders of more than a majority of its 10% Senior Subordinated Notes due 2007 and Series B 10% Senior Subordinated Notes due 2007 in connection with its
previously announced tender offer and consent solicitation for the notes.
Collins & Aikman Corp. has entered into a multi-year agreement to supply floor and acoustic systems, engine acoustic products and interior components for the 2001 GM Vivaro Van, Vivaro Combi and Vivaro Bus vehicles.
Armstrong Holdings Inc. reported that its chief operating subsidiary, Armstrong World Industries, had eliminated 56 corporate and line-of-business staff positions as a result of streamlining the organization to more accurately reflect staffing needs for current business conditions.
Building-products manufacturer Johns Manville, which recently called off a planned sale to an investment group, has agreed to be acquired for more than $1.9 billion by Berkshire Hathaway Inc., an investment company headed by billionaire Warren Buffett.
RSS