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May 02, 2022 / The Right News Right When It Happens

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Bauwerk Group (Boen) Acquires Somerset Hardwood

St. Margrethen, Switzerland, May 2, 2022—Swizerland-based Bauwerk Group AG has announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1.

Today's Flooring News

March Construction Spending Rose 0.1% from Feb., 11.7% YOY

Washington, DC, May 2, 2022—Construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% above the revised February estimate of $1,728.6 billion, according to the U.S. Census Bureau, and 11.7% above the March 2021 estimate of $1,548.6 billion.

Välinge Ramping Up Hardwood Wood Capacity, Adding Factory in Croatia

Viken, Sweden, May 2, 2022—Välinge is ramping up capacity for its Hardened Wood Floors featuring its patented Woodura capacity in Viken, Sweden and setting up a mega-factory in Ogulin, Croatia.

John McPhee Named CEO of Chilewich, Succeeding Joe Sultan

New York, NY, May 2, 2022—Chilewich announced the appointment of John McPhee to succeed Joe Sultan as chief executive officer.

Purchasing Managers’ Index Declined to 55.4% in April

Tempe, AZ, May 2, 2022—The April Purchasing Managers’ Index (PMI) registered 55.4%, a decrease of 1.7 percentage points from the March reading of 57.1%, according to the latest Manufacturing ISM Report On Business.

RFCI Hosts Largest-Ever Group for 2022 Member Meeting

Sea Island, GA, May 2, 2022-The Spring 2022 board of directors and associate member meeting at the Cloister on Sea Island was a resounding success, according to Resilient Floor Covering Institute (RFCI).

Galleher Announces Partnership to Plant 5,000 Trees

Santa Fe Springs, CA, May 2, 2022-Galleher, a west coast distributor, announced its partnership with the Arbor Day Foundation to plant 5,000 trees in depleted forests around the world.

FCIF Hosting 24-Hour Fundraising Drive on June 2

Dalton, GA, May 2, 2022-The Floor Covering Industry Foundation (FCIF) is launching its inaugural “One Day to Give,” a 24-hour online fundraising drive, on June 2.