Floordaily

Jul 12, 2022 / The Right News Right When It Happens

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RFMS Acquired By Compusoft + 2020

London, UK, July 12, 2022—Compusoft + 2020, a global provider of end-to-end software and content solutions to the spaces for the living industry, has completed the acquisition of Resource and Financial Management Systems Inc. (RFMS), a business management software provider serving the flooring market.

Today's Flooring News

Armstrong Names Buyers for Chinese & Australian Assets

Lancaster, PA, July 12, 2022-Armstrong Flooring announced that, in continuation of its ongoing Chapter 11 restructuring, the auction held as a part of its court-supervised sale process has concluded with the following bids deemed as the highest and best offers:

Nemo Acquires Tile Market of Delaware

New York, NY, July 12, 2022—Nemo Tile + Stone has announced the acquisition of Tile Market of Delaware.

Ceramic Imports Rose to 17.9M Square Meters in May

New York, NY, July 12, 2022—In the month of May, Italy jumped to first place in ceramic tile imports with 3.4 million square meters, followed by Spain 2.9 million square meters, Mexico 2.7 million square meters, India 2.46 million square meters, Turkey 2.4 million square meters and Brazil 1.8 million square meters, reports Grosser Consulting.

EJ Welch Announces New Hires & Promotions

St. Louis, MO, July 12, 2022—EJ Welch Company, a division of Center Rock Capital Partners’ Merit Distribution Group based in St. Louis, Missouri, is continuing along its path of expansion in the flooring industry by expanding its leadership team.

La Riviere Promoted to Manager, Digital Marketing for Laticrete

Bethany, CT, July 12, 2022-Laticrete has promoted Sharon La Riviere to manager, digital marketing.

Housing Costs Expected to Keep Inflation Elevated Through 2022

Washington, DC, July 12, 2022—Climbing housing costs are set to keep inflation elevated this year, creating another challenge for Federal Reserve officials who want to see signs that price pressures are easing before slowing their interest-rate increases, reports the Wall Street Journal.

Small Business Optimism Declined to 89.5 in June

Washington, DC, July 12, 2022—The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98.