Tag "IVC"

    Resilient: State of the industry—LVT, WPC remain primary drivers of category growth

Resilient: State of the industry—LVT, WPC remain primary drivers of category growth

July 31/Aug. 7: Volume 31, Issue 4 By Lindsay Baillie The resilient category continues to follow its blazing path from 2016 with aggressive growth just six months into 2017. Industry observers attribute this activity once again to the industry’s “darlings”—LVT, WPC and rigid core. Based on FCNews research, LVT and its subcategories accounted for 42.3% of residential volume and 67.6% of residential dollars in 2016. Observers expect numbers in 2017

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Mohawk Industries to create 200 jobs in Dalton

Dalton—Gov. Nathan Deal today announced that Mohawk Industries, the world’s largest flooring manufacturer, will expand its existing vinyl flooring operations in Dalton-Whitfield County. This project will significantly increase the company’s current U.S. luxury vinyl tile (LVT) manufacturing capacity. The $100 million capital investment in infrastructure and equipment will generate approximately 200 jobs for the region. “Mohawk’s continued expansion in Georgia underscores how a premier flooring manufacturer helps Georgia’s entire floor

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    IVC US announces changes in executive leadership

IVC US announces changes in executive leadership

Dalton—IVC US has made distinct modifications to its executive leadership team in conjunction with the Mohawk Industries acquisition. Xavier Steyaert, co-CEO of IVC US, will be leaving the company after a decade of service. Steyaert has decided to pursue other personal and professional projects, and has agreed to remain on board through the end of Q1 2016. Steyaert was a founding member of IVC US when he moved to the

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    Shnier partners with IVC US

Shnier partners with IVC US

Dalton— Shnier will join IVC US’ network of distributors to service Western Canada, effective Jan. 4. Shnier will carry the full line of IVC US’ Flexitec fiberglass sheet vinyl collection. “Shnier’s mission of being a step ahead has created a culture of pride throughout their organization,” said Jim Chepalis, director of distribution and strategic accounts, IVC US. “Their innovative retail programs and outstanding logistics make Shnier a great partner.”

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    Mohawk completes purchase of IVC

Mohawk completes purchase of IVC

Calhoun, Ga. — Mohawk Industries has completed its acquisition of the IVC Group for $1.2 billion in cash and stock. IVC is a vinyl and laminate flooring manufacturer with 2014 revenues of approximately $735 million and manufacturing operations in Belgium, Luxembourg and the United States. LVT now represents about 5% of the U.S. flooring market, with sales projected to grow more than 15% annually through the end of the decade.

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    Mohawk completes purchase of IVC Group

Mohawk completes purchase of IVC Group

Calhoun, Ga.—Mohawk Industries has completed its acquisition of the IVC Group for $1.2 billion in cash and stock. IVC is a major vinyl and laminate flooring manufacturer with 2014 revenues of approximately $735 million and manufacturing operations in Belgium, Luxembourg and the U.S. The acquisition expands Mohawk’s position as the world’s largest flooring manufacturer and significantly increases Mohawk’s presence in the LVT and sheet vinyl categories. LVT now represents about

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    Apollo Distributing partners with IVC US

Apollo Distributing partners with IVC US

Dalton—Apollo Distributing has joined the IVC US network of distributors. Based in Fairfield, N.J., Apollo will carry a full line of IVC exclusive offerings including Flexitec, Blueprint and Next Level sheet vinyl collections, IVC’s Moduleo LVT collection, as well as Balterio laminate by IVC. “We are excited to partner with Apollo Distributing Company,” said Jim Chepalis, director of distribution and strategic accounts for IVC US. “With our continued aggressive growth plans

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    Murfin sheds light on IVC, industry change

Murfin sheds light on IVC, industry change

March 30/April 6, 2015; Volume 28/Number 20 By Ken Ryan Cincinnati—Paul Murfin, co-CEO of IVC US, was the headline speaker at the Gilford Flooring spring event where he addressed independent dealers about the rapid ascent of IVC, an ever-changing flooring landscape and how retailers can compete amid increased competition. Founded in 1997 as part of the Balta Group, IVC US “is still a teenager,” Murfin said, but a fast-growing one

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    Resilient: Domestic vs. imports – Manufacturers weigh in on best methods

Resilient: Domestic vs. imports – Manufacturers weigh in on best methods

January 19/26, 2015; Volume 28/Number 15 By Ken Ryan A number of major flooring companies have recently invested millions of dollars to onshore their LVT production to the U.S. as a way to control costs and accelerate speed to market. However, other large suppliers continue to import products, trusting in that business model because of long-standing factory alignments, manufacturing capacity and experience. FCNews spoke to suppliers on both sides to

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    Mohawk Industries announces purchase of IVC Group

Mohawk Industries announces purchase of IVC Group

Calhoun, Ga.—Mohawk Industries announced that the company 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 will acquire IVC for approximately $1.2 billion through a combination of cash and equity. The transaction is expected to be complete around

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    ‘Modest gains’ in 2015 set to prove relief of awaited ‘pent-up demand’

‘Modest gains’ in 2015 set to prove relief of awaited ‘pent-up demand’

December 8/15, 2014; Volume 28/Number 12 Resilient By Jenna Lippin To the dismay of many flooring executives, 2014 did not deliver the recovery numbers most of the industry thought it would. The so-called “pent-up demand” everyone cited in the anticipation of 2015 has yet to really show its face, mainly because of a slow start this year due to crippling winter weather. That being said, executives predict that 2015 is

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    Resilient: State of the industry – LVT maintains growth curve as sheet slides

Resilient: State of the industry – LVT maintains growth curve as sheet slides

August 4/11, 2014; Volume 28/Number 4 By Jenna Lippin Resilient flooring has been all the rage for nearly a decade now, and the category shows no signs of cooling down. After dollar growth of 8.5% in 2013 and 5.4% in 2012 (FCNews, June 30)—industry experts believe the category is up between 5% and 8% in 2014, this despite a very difficult first quarter and sluggish residential sheet vinyl segment. Much

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    IVC US breaks ground on domestic LVT plant

IVC US breaks ground on domestic LVT plant

Dalton — Ground has been broken and construction preparations are underway for IVC US’s brand new luxury vinyl tile and plank (LVT) manufacturing facility in Dalton—a projected $100 million investment into the local community, code named Project Stella 2. “We are very excited to partner with a local general contractor, Fox & Brindle Construction Co, and to have the support of the local community,” said Xavier Steyaert, Co-CEO, IVC US.

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Made in the USA: Faster lead times, better control

Volume 27/Number 26; April 28/May 5, 2014 By Ken Ryan One of the major storylines in 2013 and early 2014 was the decision by four major flooring companies to build LVT production facilities on U.S. soil. The benefits Mannington, IVC, Shaw and Mohawk expect to reap from this move include shorter lead times, better quality control, quicker turnaround for sample replenishment and back-order fulfillment. It comes down to this, according

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Made in the USA: Domestic messaging speaks volumes

Volume 27/Number 26; April 28/May 5, 2014 By Ken Ryan Ten years ago, IVC Group was a Belgian-owned and based, privately held flooring manufacturer looking to break into the North American market. Today, IVC US appears as American as apple pie; the Dalton-based U.S. division has incorporated Made in the USA into all its merchandising, which has enabled the company to carry this story directly to the retailer and consumer.

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Floor Covering News

Press Release

CTEF to hold CTI, ACT demonstrations at TISE

Pendleton, S.C.—The Ceramic Tile Education Foundation (CTEF), which provides education and installer certification for professionals working in the ceramic tile and stone industry, will be conducting ongoing demonstrations of the

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Retail Lead Management builds new integrations with flooring ERP systems

Columbus, Ohio—Retail Lead Management has recently completed the development of its initial integrations with two flooring ERP systems: RollMaster and RFMS. The company is also scheduled to launch its Qfloors

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Scott Group Studio names new co-CEOs, chairman

Grand Rapids, Mich.—Scott Group Studio, a leading designer and manufacturer of custom, handmade luxury carpets, has named John Hart and Tim Hill as co-chief executive officers. Hart has a 20-year

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