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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Carpet magnate Ray Anderson of Interface wins $100,000 environmental prize

January 16, 2001
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Ray C. Anderson, who declared war on waste in products and processes at the world's largest commercial carpet company, has been named recipient of the 2001 George and Cynthia Mitchell International Prize for Sustainable Development.
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BP Amoco seeks buyers for plastic processing units

January 16, 2001
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BP Amoco Plc, the No. 3 publicly traded oil company, said it's seeking buyers for two plastic-processing units with combined sales of $1 billion as the company focuses on chemical businesses more closely linked to oil.
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Foamex appoints Kall to head carpet cushion business

January 12, 2001
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Foamex International Inc., a leading manufacturer of flexible polyurethane and advanced polymer foam products, has appointed Theodore J. (Terry) Kall, 60, executive vice president of Foamex International Inc. and president of the company's carpet cushion business.
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AmericasMart.com, UPS Capital launch co-branded credit card services

January 12, 2001
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AmericasMart.com, the business-to-business eCommerce venture of the nation's largest gift, home furnishings, area rug and apparel marketplace, now provides corporate purchasing options for AmericasMart/Atlanta Buyers and Exhibitors available through an alliance with UPS Capital Corp., the financial services arm of UPS.
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Heartland in talks to acquire Collins & Aikman, newspaper says

January 11, 2001
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Heartland Industrial Partners is negotiating to buy Collins & Aikman Corp., the largest maker of automobile carpet, for about $1.2 billion from the Blackstone Group LP and Wasserstein Perella & Co.
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USG to take $904 million charge on asbestos, restructuring initiatives

January 11, 2001
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USG Corp. has released details of two major initiatives developed to help clarify the company's financial performance and further strengthen its competitive position.
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Q.E.P. reports third quarter revenue decline

January 10, 2001
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Q.E.P. Co. Inc. has reported that its fiscal 2001 third-quarter net sales were $26.3 million compared with $28.2 million in the comparable prior-year quarter.
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Berkshire Hathaway purchase of Shaw now complete

January 9, 2001
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Shaw Industries Inc. announced that the acquisition of Shaw Industries by an investor group led by Berkshire Hathaway Inc. is now effective.
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Goldman cuts USG EPS views

January 9, 2001
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Goldman Sachs said analyst Christopher Winham has cut his outlook for gypsum wallboard maker USG Corp. earnings per share.
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NAFCD, NWFA release industry white paper and educational tools

January 7, 2001
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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.
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