Flexible polyurethane and polymer foam products manufacturer Foamex International Inc. reported that, despite slightly lower sales and profits for fiscal year 2000, the company remains on track with its debt-reduction initiatives.
Distribution of the company’s Retailer of the Year awards, and attainment of a new membership level that allows for double rebates, topped the agenda at Color Tile’s annual membership meeting held during Surfaces 2001 in Las Vegas.
New-homes sales plummeted by 10.9% in January, the biggest drop in seven years, as Americans' worries about the nation's economy overwhelmed the attraction of cheaper mortgage rates.
Despite lower mortgage interest rates, existing single-family home sales dropped in January in tandem with the slowing economy and declining consumer confidence, according to the National Association of Realtors (NAR).
Collins & Aikman shareholders completed the sale of a nearly 60% stake in the company to former Reagan administration official David Stockman's Heartland Industrial Partners L.P. for $260 million.
The new Burlington Rug Corp., a supplier of mass-produced area rugs, has purchased the Burlington House Floor Accent manufacturing facilities in Monticello, Ark. The 1 million-square-foot facility is capable of producing more than 10 million rugs annually.
BASF Carpet Products is launching a new initiative for its advanced engineered fiber, Savant, that addresses the rapidly evolving issue of sustainability in the commercial carpet market.