Issue Date:6/9/2003
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Issue Date:6/9/2003
Hardwood Floors E-News Monday, June 9, 2003 Issue 214 Next issue published June 23, 2003 Deadline for items: June 19, 2003 Send news to [email protected]
Armstrong Chapter 11 Disclosure Statement Approved Armstrong World Industries Inc. (AWI) (Lancaster, Pa.), the operating subsidiary of Armstrong Holdings Inc., recently filed its fourth amended Plan of Reorganization (POR) and proposed disclosure statement with the U.S. Bankruptcy Court in Wilmington, Del. The plan was approved and a hearing to consider confirmation of Armstrong's plan is anticipated in mid-November 2003. If the plan is confirmed, Armstrong says it expects that the plan will be implemented shortly thereafter. The revised value of the cash, shares and notes of reorganized AWI to be distributed under the POR to the asbestos personal injury trust will be approximately $1.8 billion, and the value of consideration to be distributed to holders of allowed unsecured claims will be approximately $982 million. The POR and disclosure statement are available at www.armstrongplan.com.
People News Maxwell Hardwood Flooring Inc. (Monticello, Ark.) has appointed Darrell Orrell sales coordinator. He will be responsible for day-to-day operations of sales, including scheduling and shipping,
Junckers Hardwood Inc. (Anaheim, Calif.) has promoted Dean Nichol to East Coast commercial sales manager. In addition, Junckers has hired Judy Tolle as national account manager for Illinois. She will be responsible for all commercial and residential sales in that state, as well as for establishing key national store chains.
By the Numbers Sales of new single-family homes rose 1.7 percent in April to a seasonally adjusted annual rate of 1.03 million units, according to the Commerce Department. This is the third time this year that new-home sales have risen above the million-unit mark. New home sales rose in three out of four regions in April, with gains of 13.4 percent, 0.6 percent and 4.3 percent recorded in the Midwest, South and West, respectively. In the Northeast, sales fell nearly 18 percent.
Distributor News DriTac Adhesive Group (Brooklyn, N.Y.) has named J.J. Haines and Co. Inc. (Baltimore) a full-line distributor of its adhesives and installation products.
Dealer/Contractor News Hardwood Flooring Products (South Bend, Ind.) has opened a new showroom. It showcases many species of flooring and allows the company's customers to see several species of wood actually installed.
Southern Woods Flooring Inc. dba Southern Woods (Bethlehem, Ga.) has moved to 737 Harry McCarty Road, Suite 301, Bethlehem, GA 30620. The company can be reached at 770/554-1555 or by fax at 770/864-6040.
Job Watch An East Coast two-mill manufacturer is seeking representation nationwide to help promote its new prefinished line. The company would like to find an established representative firm with a current customer base. For more information, contact John Barber at [email protected] or call 804/744-7771, ext. 12.
NWFA Member Services Give your customers the "Hardwood Floor Care Guide." Help your customers to keep their floors looking beautiful with this easy-to-follow guide for surface finishes, wax finishes and acrylic-impregnated finishes. Call NWFA at 800/422-4556 (U.S.), 800/848-8824 (Canada) or 636/591-9663 to order or request a free sample of this tri-fold brochure. The guide is available at $30 for 100. For an additional $30, imprint your company name and information on the front.