Lexmark Carpet Mills Acquires Northwest Carpets

A portfolio company of H.I.G. Capital, Lexmark Carpet Mills has completed the acquisition of Northwest Carpet—a manufacturer of solution-dyed broadloom carpeting for the hospitality industry since its inception by president Randy Coker in 1977. 

 “We are...
The Shangri-La Hotel, Hefei, Opens in China

The Shangri-La Hotel, Hefei, Opens in China

Hong-Kong based Shangri-La Hotels and Resorts has unveiled the Shangri-La Hotel, Hefei, in China. Situated between the Yangtze River and Chaohu Lake, the 27-story hotel is inspired by local Hui culture. While Chinese architect Wong & Tung conceived the property,...