Construction Materials & Machinery M&A » By The Online Investor Staff, updated Fri., Apr. 19, 3:43 PM
Recent mergers and acquisitions in the Construction Materials & Machinery M&A category.
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Slide #18. Mohawk Industries, Inc. — Spano Invest NV
Acquirer:
Mohawk Industries, Inc. (NYSE:MHK)
Acquiree:
Spano Invest NV
Details:
Mohawk Industries, Inc. announced that it has entered into an agreement to purchase Spano Invest NV, a Belgian panel board manufacturer, for 125 million ($168 million) in cash. Spano's 2012 revenues are estimated at approximately 180 million ($231 million). The business is expected to be slightly accretive in the first full year. This transaction is expected to close in the second half of 2013 and is subject to customary governmental approvals and closing conditions.
Mohawk Industries is a global flooring manufacturer. Co.'s segments are: 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 in residential and commercial channels; Flooring North America, which designs, manufactures, sources and distributes a range of floor covering products in a variety of colors, textures and patterns; and Flooring Rest of the World, which designs, manufactures, sources and distributes a variety of laminate, luxury vinyl tile and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections used in the residential and commercial markets.
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Avg. Broker Rec.
 
|
Hold (2.23 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MHK Stock Forecast Based on Zacks ABR data; powered by Xignite |
