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Slide #18. Mohawk Industries, Inc. — Spano Invest NV
Mohawk Industries, Inc. (NYSE:MHK)
Spano Invest NV
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 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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