Engineering tool manufacturer Illinois Tool Works Inc. said its board of directors has approved the divestiture of its $483 million consumer products business, including its Florida Tile subsidiary.
Mannington has equipped its company website with a new online Virtual Decorator tool that enables customers to select a room scene, then mix and match flooring, wall coverings, draperies, cabinets and upholstery to create a personalized decor.
Mohawk Industries has increased its estimate of diluted earnings per share for the fourth quarter of 2001 from 74 cents to a range between 90 and 95 cents per share.
Existing-home sales will be close to a record this year and, with an economic upturn expected next spring, sales in 2002 will nearly match this year, according to the National Association of Realtors (NAR).
Floor installation products manufacturer Ardex Engineered Cements has acquired British Norcros Adhesives Ltd., thereby extending its reach into markets throughout Europe and East Asia.