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Construction Materials & Machinery M&A image Construction Materials & Machinery M&A » By The Online Investor Staff, updated Tue., Jul. 14, 10:24 AM Recent mergers and acquisitions in the Construction Materials & Machinery M&A category.

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 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.

Mohawk Industries SEC Filing Email Alerts Service


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Company Name: 
Mohawk Industries, Inc.
Stock buyback: 
MHK buyback
Website: 
www.mohawkind.com
Sector: 
Construction Materials & Machinery
Number of ETFs Holding MHK: 
85
Total Market Value Held by ETFs: 
$619.73M
Total Market Capitalization: 
$5.45B
% of Market Cap. Held by ETFs: 
11.36%
 

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Hold (2.29 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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