This Slide: #20 of 22 |
Slide #20. Mohawk Industries, Inc. — Marazzi Group
Acquirer:
Mohawk Industries, Inc. (NYSE:MHK)
Acquiree:
Marazzi Group
Details:
Mohawk Industries, Inc. announced that the Company has entered into a definitive agreement to acquire the Marazzi Group, which will make Mohawk the worldwide leader in ceramic tile. Marazzi is held by the Marazzi family and two private equity fundsPermira and Private Equity Partners. Mohawk is acquiring Marazzi for approximately $1.5 billion, with a combination of cash and equity. We expect to complete the transaction during the first quarter of 2013 pending customary closing conditions and regulatory approvals. Mohawk anticipates that the transaction will be accretive in 2013.
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.
Mohawk Industries SEC Filing Email Alerts Service
Open the MHK Page at The Online Investor »
|
Open the MHK Page at The Online Investor (in a new window) »
Free MHK Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Hold (2.23 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: MHK Stock Forecast Based on Zacks ABR data; powered by Xignite |