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Slide #17. Mohawk Industries, Inc. — Spano Group
Mohawk Industries, Inc. (NYSE:MHK)
Mohawk Industries, Inc. (NYSE: MHK) announced today that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer. The transaction was previously announced on January 28, 2013. The total value of the acquisition was 125 million in cash. In 2012, Spano generated estimated sales of 183 million.
Mohawk Industries is a global flooring manufacturer for residential and commercial spaces around the world. Co. has three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic, porcelain and natural stone tile products used for floor and wall applications; Flooring North America, which designs, manufactures, sources and distributes broadloom carpet, carpet tile, rugs and mats, carpet pad, laminate, medium-density fiberboard, luxury vinyl tile (LVT) and sheet vinyl; and Flooring Rest of the World, which designs, manufactures, sources and distributes laminate, LVT and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections.
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Hold (2.29 out of 4)
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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