Latest news with #flooring
Associated Press
6 days ago
- Business
- Associated Press
Q.E.P. Co., Inc. Unveils State-Of-The-Art ROBERTS® Adhesive Manufacturing Plant in Dalton, Georgia
DALTON, Ga., July 16, 2025 (GLOBE NEWSWIRE) -- Q.E.P. Co., Inc. (OTCQX: QEPC) celebrated the completion of its latest investment in American manufacturing with a ribbon-cutting ceremony to unveil its next-generation ROBERTS® adhesive manufacturing plant in Dalton Georgia. The advanced machinery and infrastructure enables the plant to double production of adhesives from the previous 18,000 gallons per day to an incredible 18,000 gallons per single shift. The investment also increases QEP's capabilities with polymer formulations, allowing for greater innovation in the flooring industry. The ribbon-cutting event showcased the new holding tanks, mixers and state-of-the-art production lines and packaging lines in operation. The event also garnered special recognition from the city of Dalton, Georgia, which thanked QEP for its continued investment in local American production, and to the region widely known as, the ' Flooring Capital of the World.' Herbert Maertl, Chief Operating Officer of QEP, explains, 'A few years ago, we committed to establishing a state-of-the-art adhesive manufacturing plant here in Dalton, Georgia to increase our production capacity and formula capabilities. Our goal was to service our customers with high-quality American-made products with continued 100% service levels. With unrelenting determination, amazing teamwork and great support, we delivered exactly that.' The upgrades and implementation of the new production lines took over three years from concept to completion, during which time production of adhesives never stopped. As always, orders continued to ship complete and on time. The plant is now operating at its new higher output of production and will continue to produce high-quality American-made adhesives for distribution across the country. Len Gould, QEP's President and CEO, stated 'I'm very proud of our entire Team and who we are today. The investments, while substantial, help us across the enterprise with technology, consistency, efficiency, and capacity.' He continued, 'Most of our adhesive competition is either owned by private equity firms or foreign nationals, and we are the alternative.' 'Roberts is truly the American Adhesive Company ™.' About QEP Founded in 1979, Q.E.P. Co., Inc. is a leading designer, manufacturer and distributor of a broad range of best-in-class flooring installation solutions for commercial and home improvement projects. QEP offers a comprehensive line of specialty installation tools, adhesives, and underlayment. QEP sells its products throughout the world to home improvement retail centers, and professional distribution outlets, under brand names including QEP®, LASH®, ROBERTS®, Capitol®, Premix-Marbletite® (PMM), Brutus® and Homelux®. QEP is headquartered in Boca Raton, Florida with other facilities in the United States, Canada, and Asia. Please visit our website at Contact: Q.E.P. Co., Inc. Leslie Del Pozo Vice President Marketing Communications Phone: 561-994-5550 Email: [email protected]
Daily Mail
6 days ago
- Business
- Daily Mail
EXCLUSIVE Vinnie Jones' firm which 'kept him going' following tragic death of beloved wife Tanya and boasted Bradley Cooper and Robbie Williams as customers went bust with £270K debt
A celebrity flooring business Vinnie Jones set up with a childhood pal went bust with £270k worth of debt, it has been revealed. The former footballer and actor, 60, swapped Hollywood for flogging carpets when he started Deacon Jones Fine Flooring Ltd in 2016 with fitter mate Danny Deacon. Vinnie previously shared how the business had 'kept him busy' amid his grief following the tragic death of beloved wife Tanya from cancer in 2019 aged just 53. According to The Sun the company boasted famous customers like of stars Bradley Cooper, Robbie Williams and Ronnie Wood. Vinnie's sporting connections also come in handy since he has also reportedly supplied the likes of cricket star Kevin Pietersen and former Manchester United boss Jose Mourinho with new carpets. But the firm was put into a creditor's voluntary liquidation three years ago after racking up massive losses during Covid. According to its statement of affairs, it owed trade creditors £122,920, the bank £50,000, HMRC £8,121, and the directors £90,182 - including £66,962 which Vinnie put in himself. The firm was finally dissolved on 26 June this year. After paying liquidator fees and other expenses, there was just £19,913 left for creditors - all of which went to the taxman. MailOnline have contacted Vinnie's representatives for comment. Speaking about how the business was vital during the loss of his wife he told Yahoo News in 2023: 'I've got my wooden flooring company, Deacon Jones, which is doing great, so I'm keeping busy. 'I have to go with the flow and accept it will take time to come to terms with my grief. There's no point in fighting it.' When the company was first set up, Vinnie told The Sun about his role as the salesman and to give back to his roots, as he was born in nearby Watford. He told the publication: 'We have super tough carpets and that's where we will use my hard man image'. But the firm was put into a creditor's voluntary liquidation three years ago after racking up massive losses during Covid I'm very proud of my roots and I want to show that. It's important to me to create jobs in the area. I want to give back to the community I came from.' While business partner Danny told Hemel Gazette at the time how Vinnie was very down to earth. 'We were talking about life on the way back to the club and he just said "Let's go into business, 50-50", he explained. 'Vinnie's just as you would expect, hard but fair, absolutely no-nonsense, but very generous.' The former Chelsea star swapped the football pitch for film sets in 1998 when he was cast as a mob enforcer in Guy Ritchie flick Lock, Stock and Two Smoking Barrels. He has since graced the silver screen in the likes of Gone in 60 Seconds and X-Men: The Last Stand and most recently's Ritchie's Netflix hit series The Gentleman. Vinnie, who had been married to Tanya for 25 years when she tragically died, Vinnie previously spoke of how he throws himself into work and has sought help from a psychologist to try and not feel like he is ' drowning' in his own despair. '[Grief] is a ghost, it's a blanket. It wraps around you and it pulls you down. You don't know when it's going to happen, why it happens. It just happens,' he told Stuff. 'You've got to try and get your head above water, breathe in as long as you can because you know you're going to be pulled under again. 'You got to give people what they want, or you f*****g drown. It's f*****g exhausting [Sometimes I want to] build a 50 foot wall around to keep everybody out and keep me in... My spirit may be broken inside, but I think I've got enough knowledge and enough experience to cope with it.' The actor previously wrote a book about his experiences, Lost Without You: Loving And Losing Tanya. In 2013, they were both diagnosed with melanoma, the most dangerous form of skin cancer which kills around 2,000 people every year in the UK, and fought it together, getting the all-clear two years later. However, the disease would later return for Tanya. Vinnie has blamed his outdoor lifestyle for the cancer - aggravated by his move to Los Angeles with Tanya to pursue his film career - while he claimed her cancer was triggered by drugs she took since having a heart transplant in her early 20s. The couple met aged 12 before exchanging vows in 1994, with the actor previously admitting on Piers Morgan's Life Stories that he will never remarry. A recovering alcoholic, Vinnie is now a decade sober. He previously described the heartbreaking story of how Tanya learned her cancer had spread to her brain in a phone call at their home in Palm Springs on Christmas Eve while they had 15 or so family members round for Christmas. It was the moment they realised 'it's beat us', he said, but Tanya was determined to have 'the best Christmas ever' so kept it secret from everyone. 'The bravery of her is unfathomable,' Jones added. 'All's she wanted to do was please people.'
Associated Press
7 days ago
- Business
- Associated Press
Lumber Liquidators Relocates to New Strategic Location in San Diego, CA
San Diego, CA July 15, 2025 --( )-- Lumber Liquidators, a nationwide leader in high-quality, affordable flooring solutions, is pleased to announce a strategic store move to a new location at 6906 Miramar Road Unit B, San Diego, California. The store will officially open to the public on July 15th, 2025, offering customers a wide range of flooring options across the hardwood, vinyl, laminate, and hybrid resilient categories, alongside accessories, expert design guidance, professional installation service, and exceptional customer care. The new Miramar Road location will be more convenient for San Diego residents and will showcase Lumber Liquidators' comprehensive selection of products in a modern, accessible space. Situated next to its sister company Cabinets To Go, the move enhances convenience by bringing a broader array of home improvement solutions to one location, simplifying project needs for customers. 'This move demonstrates our ongoing commitment to better serving our San Diego customers,' said Jason Delves, President and CEO of Lumber Liquidators. 'It will ensure that our customers have access to the right floors at the right price. It's another example of how Lumber Liquidators continues to invest in providing the best possible experience for our customers.' The San Diego relocation is part of Lumber Liquidators' nationwide network of 200+ locations that delivers unbeatable value to homeowners, builders, and contractors. The new location further strengthens the company's commitment to community engagement and customer convenience. About Lumber Liquidators Lumber Liquidators is the nation's largest independent retailer of hardwood, waterproof, and laminate flooring. Known for its wide product selection, expert advice, and professional installation services, the company has built a reputation for making flooring projects seamless and affordable. With locations coast to coast, Lumber Liquidators is committed to helping customers find the perfect floors — at the perfect price. LumberLiquidators | 1-800-HARDWOOD Contact Information: F9 Brands Inc. Brandon McGrath 513-237-3534 Contact via Email Read the full story here: Lumber Liquidators Relocates to New Strategic Location in San Diego, CA Press Release Distributed by
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Warehouse Direct Flooring Outlet Offers Free Premium Carpet Pad with Every Carpet Installation – Only Until July 31st
For a limited time, Santa Cruz homeowners can enjoy the comfort and performance of a luxury carpet installation—without paying a premium. Through July 31st, Warehouse Direct Flooring Outlet is including its top-tier Black Hawk carpet pad free with any carpet purchase and professional installation. While most retailers charge $200 or more for high-quality padding, Warehouse Direct is making it standard — at no extra cost. Why Padding Matters More Than You Think Industry studies consistently show that it's not just the carpet that determines the feel and durability of a flooring installation — it's the padding underneath. The Black Hawk pad delivers noticeable comfort, support, and longevity, even when paired with entry-level carpet styles. What's Included with the Free Black Hawk Pad Offer: 7/16-inch thickness and 8-lb. density – the same specs found in luxury homes and $10K+ installs Firm, supportive feel – enhances comfort without bottoming out Double the lifespan – helps reduce carpet wear over time Improved insulation – boosts thermal and sound performance 'This pad typically adds $200 to $300 to the cost of an install, but we're including it for free this month,' says Albert Sosa, manager of Warehouse Direct Flooring Outlet. 'It's the kind of comfort and durability people expect from high-end carpet — but now available to everyone.' Offer Ends July 31st – No Extensions Planned This free padding offer is only valid through July 31st, 2025, and installations are filling up fast due to high demand. No extensions are scheduled, so early booking is strongly recommended. To claim this offer, visit the Warehouse Direct Flooring Outlet showroom or schedule a free in-home consultation at About Warehouse Direct Flooring Outlet Warehouse Direct Flooring Outlet serves Santa Cruz County with comprehensive flooring solutions including carpet, hardwood, LVP, and eco-friendly options, maintaining industry recognition for professional installations and premium material quality. Media Contact Company Name: Warehouse Direct Flooring Outlet Contact Person: Laura Miller Email: Send Email Phone: (831) 429-8221 Address: 320 Coral St A City: Santa Cruz State: CA 95060 Country: United States Website:
Yahoo
05-07-2025
- Business
- Yahoo
What to Expect From Mohawk's Next Quarterly Earnings Report
Valued at roughly $7 billion by market cap, Georgia-based Mohawk Industries, Inc. (MHK) is a global leader in flooring, supplying a wide range of products. From carpet and rugs to tile, wood, and vinyl, for residential and commercial use. With a fully integrated manufacturing and distribution network, the company maintains an edge across materials and markets. Its portfolio includes some of the most established names in the industry, such as Daltile, Marazzi, Pergo, and Mohawk, catering to both renovation projects and new construction worldwide. The company is expected to release its fiscal 2025 second-quarter earnings report after the market closes on Thursday, July 24. Ahead of this event, analysts project Mohawk to report a profit of $2.63 per share, down 12.3% from $3 per share reported in the year-ago quarter. Impressively, the company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. UnitedHealth Stock Is One of the Worst-Performing S&P 500 Stocks in 2025. Should You Buy the Dip? AI Isn't Just About Nvidia: 2 Rising Stars in the Artificial Intelligence Race 'It's a Miracle': Nvidia CEO Says Their New Technology Takes 'AI Supercomputing to a Whole New Level' Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Over the longer term, analysts forecast Mohawk to report an EPS of $9.21 in fiscal 2025, representing a 5.1% decline from the $9.70 reported in fiscal 2024. However, the dip appears to be short-lived. Forecasts for fiscal 2026 indicate a strong rebound, with EPS projected to increase 15.4% to $10.63. Over the past year, Mohawk has gained marginally, underperforming the broader S&P 500 Index's ($SPX) modest 13.4% return and is also lagging behind the Consumer Discretionary Select Sector SPDR Fund's (XLY) 17.8% rise during the same stretch. After the company posted mixed fiscal 2025 Q1 earnings results on May 1, shares of Mohawk slipped almost 1.7% in the subsequent trading session. Revenue declined 5.7% year-over-year to $2.5 billion, falling short of the $2.6 billion Wall Street expected, as all segments reported weaker sales. However, adjusted EPS offered a bright spot. Despite falling 18.3% annually to $1.52, it still managed to beat analyst estimates by a 7.8% margin. Analysts' consensus view on MHK remains somewhat optimistic, with an overall "Moderate Buy" rating. Among 15 analysts covering the stock, eight suggest a "Strong Buy," and the remaining seven give a 'Hold' rating. MHK's mean price target of $126.40 represents a 14% premium to current price levels. On the date of publication, Anushka Mukherjee did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
