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.
USG Corp. has released details of two major initiatives developed to help clarify the company's financial performance and further strengthen its competitive position.
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.
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.
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