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ASHLAND, ORE.—360 Interchange, a company founded three years ago that focuses on sourcing, sales, marketing and product development between the U.S. and China, intends to acquire Vinyl Trends, a Canadian finisher and distributor of foam and recycled foam products... more
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By Louis Iannaco Sante Fe Springs, Calif.—Galleher Inc., the privately held floor covering distributor headquartered here, has agreed to sell its business to Japan-based Itochu Corp. Galleher had sales in 2006 in excess of $115 million... more
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Calhoun, Ga.—For years, specialty dealers have known Mannington is a good company to partner with as evidenced by its many honors in the Award of Excellence competition. But, lately, its seems other manufacturers feel the same way... more
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Hicksville, N.Y.—For years, analysts and industry observers have speculated that Pergo would be sold... more
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Armstrong on March 15 made strides to increase its leadership position in the hardwood flooring segment with the acquisitions of Capella Wood Floors and HomerWood for cash along with the announcement of a manufacturing joint venture in China... more
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Calhoun, Ga.—Mohawk Industries has agreed to purchase a plant from Propex Fabrics located in Roanoke, Ala., that produces secondary carpet backing. The plant, formerly owned by BP prior to being spun off under the Propex moniker, employs approximately 470 people... more
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By Louis Iannaco Chicago—Tarkett and Kraus Carpet Mills have entered into a joint venture whereby the suppliers will merge their respective sales, customer service and logistics operations in the Midwest. The new company, Kraus Floors LLC, will be headquartered here... more
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Best Tile Distributors, part of the East Coast Tile family, the largest importer of ceramic tile and stone in the Northeast, has acquired five Boston Tile showrooms in Massachusetts and Warwick, Rhode Island... more
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ST. LOUIS—Darryl Gold, president of Anji Mountain Bamboo Rug Co., has purchased the company from Plano Molding Co. Gold began the company with Plano in 2000... more
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By Matthew Spieler Hicksville, N.Y.—After nearly a month of speculation among the world’s financial community, buyout firm Kohlberg Kravis Roberts & Co. (KKR) has entered into a definitive partnership agreement with the Deconinck family... more
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