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Mohawk to Acquire IVC Group

Mohawk to Acquire IVC Group

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Mohawk Industries has entered into a definitive agreement to acquire the IVC Group. The IVC Group is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate, with operations in Europe and the U.S. and sales of approximately $700 million. Mohawk is acquiring IVC for approximately $1.2 billion through a combination of cash and equity. The transaction is expected to be completed around the end of the first quarter of this year, pending customary closing conditions and regulatory approvals. Mohawk anticipates that the transaction will be accretive to EPS in the first 12 months. The IVC Group was founded in Belgium in 1997 by Filip Balcaen, who is currently IVCs chairman and primary shareholder. IVC is a major sheet vinyl provider in Europe and the U.S. and is also a leading player in the fast growing LVT category. Over the past two decades, IVC has grown rapidly based on a business model that focused on low cost, state-of-the-art manufacturing combined with a broad product ...    leer
2015-01-14
FCICA Announces Convention Educational Sessions

FCICA Announces Convention Educational Sessions

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The Flooring Contractors Associations (FCICA) educational sessions will be presented on Monday, March 2 and Tuesday, March 3 during this years ConventionRiding the Wave of Success, at the Kona Kai Resort and Marina in San Diego. The four day event will feature five educational sessions, tabletop show, industry networking opportunities, reception and dinner at Marine Corps Air Station Miramar, silent auction and optional tours for attendees. Attendees will have the opportunity to learn from some of the brightest and most dedicated people in the flooring industry. Three Certified Installation Manager (CIM) modules will also be presented at this event and those individuals in attendance working on their Installation Manager certification will receive credit. Convention kicks off with Installation Manager Module #7Financial Management: Budget vs. Actual, presented by Terry Wheat, president of RFMS. Join Wheat, as he advances attendees on the Installation Management track with Financial Mana ...    leer
2015-01-14
White Oak Acquires Carousel Assets

White Oak Acquires Carousel Assets

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White Oak Custom Carpet based in Wichita, Kan., with additional manufacturing in Spindale, N.C., has acquired select assets and intellectual properties of Carousel Carpets from The Dixie Group. The purchase is now complete and the integration of produ ...    leer
2015-01-13
NWFA Expo Participation Sees Continued Growth

NWFA Expo Participation Sees Continued Growth

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The National Wood Flooring Associations (NWFA) Wood Flooring Expo is continuing its growth trend. According to the association, the expo has experienced three consecutive years of 20% to 30% increases in attendance, topping 3,000 attendees this year in Nashville, Tenn. Pre-event metrics show another promising expo is on the horizon for 2015. The 2015 expo, which will take place April 28 to May 1 in St. Louis, hometown of NWFA, is seeing registration that is 28% higher than this time last year; booth sales for the tradeshow have increased 30% and capacity in NWFA-reserved rooms at the four downtown St. Louis hotels that are contracted for the convention has grown 42% more than at years end leading up to this years event. [Continued growth] reflects the ongoing economic upswing in the industry, as well as the value wood flooring professionals see in taking this opportunity to come together and exchange ideas, create new business opportunities, and keep working together to drive the indust ...    leer
2014-12-24
NTCA to Host Large Format Thin Porcelain Tile Installation Webinar

NTCA to Host Large Format Thin Porcelain Tile Installation Webinar

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The National Tile Contractors Associations (NTCA) Large Format Thin Porcelain Tile Installation Methodology Improvement Webinar will be held Wednesday, Jan. 14 at 1 p.m. CST. Presented byArthur Mintie, Laticretes director of technical services, the Webinar will focus on the challenges of installing large format thin porcelain tiles. The course will provide an overview of relevant industry standards that govern substrate preparation, adhesive mortar coverage, lippage, grout joint requirements and provide installation tips and techniques for this exciting finish type. In addition, the Webinar will cover best practices, lessons learned and industry standards development that will help to achieve the desired results with these finish types. to register. ...    leer
2014-12-23
Judging Under Way for Schönox Worst Floor Contest

Judging Under Way for Schönox Worst Floor Contest

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Judging has begun for the HPS Schnox Worst Subfloor in North America contest. Launched in May, the contest was put together to shine a light on tough subfloor conditions, detail the best ways to renovate them, and provide some recognition and publicity for the companies who handle these challenging projects, according to Thomas Trissl, Schnox principal. Weve been really excited to see the strong participation by installers and contractors and the overall interest by the flooring industry in the contest. We are eager to demonstrate the importance of subfloor preparation and to recognize flooring companies who excel in this area. The Schnox Worst Subfloor in North America contest is an opportunity for any company charged with making a damaged subfloor smooth and sound to show the tough subfloor conditions that they encountered and how they renovated them using Schnox products. With the entry end date now reached, entries will be independently judged with first, second, and third place win ...    leer
2014-12-23
NWFA to Conduct Training Sessions at TISE

NWFA to Conduct Training Sessions at TISE

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The National Wood Flooring Association (NWFA) will conduct two one-day training sessions in January in Las Vegas, in conjunction with The International Surface Event (TISE). The NWFA Certified Professionals (NWFACP) sales advisor certification workshop will take place Jan. 20. The Environmental Effects on Wood workshop will be held on Jan. 23, and will offer continuing certification units toward annual certification maintenance requirements. The Environmental Effects on Wood workshop is a comprehensive course that covers water/wood relationships, temperature and humidity, HVAC and humidification/dehumidification systems and how environmental conditions affect wood flooring. The workshop will be taught by Randy Lenz and Janis Rozenbergs, of April Aire, and Roy Reichow, owner of National Wood Floor Consultants. Because continuing education is so critical for professionals looking to gain an edge in their careers and businesses, we aim to make receiving that education as convenient and val ...    leer
2014-12-23
TISE Puts Emphasis on Emerging Young Professionals

TISE Puts Emphasis on Emerging Young Professionals

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Emerging professionals attending The International Surface Event (TISE), Jan. 20 to 23 at the Mandalay Bay Resort Casino in Las Vegas, will have the opportunity to network with peers and industry professionals at a happy hour event. The emerging professionals initiative was introduced at this years show to provide a forum for networking and idea exchange for flooring, stone and tile professionals under the age of 40. The TISE 2015 advisory council, comprised of professionals representing every facet of the industry, met with show management to offer insight on industry trends, hot topics and provide feedback on timely content for the education program. Among the topics discussed was the need for more emerging professionals events at TISE, such as happy hours and luncheons. The emerging professionals initiative was one that the council participants recognized as an important trend in our industry, said Dana Teague, vice president of Informa Exhibitions US, formerly Hanley Wood Exhibition ...    leer
2014-12-20
InstaFloor Prepares for Domotex 2015

InstaFloor Prepares for Domotex 2015

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InstaFloor will be exhibiting its flooring systems at Domotex, Jan. 17 to 20 in Hannover, Germany. According to the company,its InstaLay, InstaCradle and InstaSport ranges will be displayed and demonstrated on a larger stand. InstaFloors new InstaLay 25hg (2.5-millimeter high grab), which has been developed specifically for use with luxuryvinyl tile (LVT), will be unveiled and demonstrated at the event. With no messy wet adhesives or open time delays, flooring installations using InstaLay are quick, clean and easy and save significant time and money, said a company representative. Made from recycled rubber crumb, eco-friendly InstaLay is loose laid, greatly reduces sub-floor preparation times, and provides superior comfort and long lasting acoustic performance when used with LVT, carpet tile, wood, laminate, bamboo and carpet. InstaCradle acoustic/sprung undercarriage floors and sports floors use a unique rubber crumb cradle that is guaranteed for 60 years. These adjustable raised floor ...    leer
2014-12-20
INSTALL Weighs in at IIDEXCanada on Flooring Disasters

INSTALL Weighs in at IIDEXCanada on Flooring Disasters

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John McGrath, director of the International Standards Training Alliance (INSTALL), led the Flooring Disaster: Prevention and Recovery seminarat IIDEXCanada in Toronto. John McGrath,director of the International Standards Training Alliance (INSTALL), led the Flooring Disaster: Prevention and Recovery seminar and panel discussion at Torontos IIDEXCanada design and architecture expo and conference. According to McGrath, flooring contractors cant be scapegoats, every time a floor fails anddue diligence has to start higher up the contractor chain. General contractors and other subcontractors must understand that some of their activities can cause substrate problems for flooring installers, ranging from improperly leveled concrete floors to moisture intrusion in the slab. It is the best insurance policy to protect everyone involved. Panelist Steve Zizek, flooring instructor, Resilient Floor Workers Training Trust Fund, Carpenters Local 27, added, The cause of flooring problems is often relat ...    leer
2014-12-19