The U.S. housing market will continue its strong performance through 2001 as the economy rebounds and long-term interest rates remain low, housing finance giant Fannie Mae reported.
Armstrong DLW AG has terminated discussions that began in February with CVC Capital Partners B.V. concerning the possible sale of the textile and sports flooring businesses in its Desso commercial carpet operations.
Armstrong Holdings Inc. has established Armstrong Corporate Marketing, a new business group which will coordinate and integrate marketing activities throughout the company.
828 International Trading Co. is gearing up to enter the high-end residential broadloom market. To that end, the company has hired Jim Beard as vice president of broadloom operations to head up this new initiative.
Armstrong Holdings Inc. has promoted long-time company executive Steve Stockwell to the new post of senior vice president, Armstrong Strategic Relations.
Armstrong Holdings Inc. has named Chan W. Galbato president and CEO of Armstrong Floor Products effective June 25. Galbato, 38, was president and CEO of ChoiceParts LLC, and earlier held leadership roles at several divisions of General Electric.
Dancik-On-Disk International Ltd., a provider of software and solutions for the decorative building products industry, has acquired the rights to Actimage technology, a “visualization engine” that will bring advanced visualization capabilities to Dancik's suite of software products aimed at manufacturers, distributors and retailers of natural stone, ceramic tile, wood, laminates, and other floor and wall coverings.
Armstrong World Industries Inc. -- the chief operating subsidiary of Armstrong Holdings Inc., which filed for Chapter 11 reorganization last December -- has reduced the amount of its post-filing "debtor-in-possession" credit facility to $200 million from $300 million.
Students from 25 elementary schools, located in three states where Beaulieu of America has manufacturing facilities, were awarded Barbara Bush Education Prizes at school commencement ceremonies in May and June.
Floor Decor Inc., a south Florida big-box flooring retailer headed by former Maxim Group CEO A. J. Nassar, has appointed three new members to the company’s board of directors.
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