UPM-Madison's paper mill plans to reduce production of paper for catalogs and brochures for two weeks, laying off hourly workers during the cutback a spokesman for the mill attributed to international competition, market conditions and energy costs.
Mohawk Industries, Inc. announced that it has entered into a definitive agreement to acquire the IVC Group, which expands the company's position as the leading global flooring manufacturer. Mohawk is acquiring IVC for approximately $1.2 billion through a combination of cash and equity.
