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Slide #21. Mohawk Industries, Inc. — Pergo
Mohawk Industries, Inc. (NYSE:MHK)
Mohawk Industries, Inc. announced that it has entered into an agreement to purchase Pergo, a manufacturer of laminate flooring, for $150 million in cash. Pergo's sales in 2011 were approximately $320 million in the U.S. and Europe. The business is expected to be accretive in the first year. This transaction is expected to close no later than first quarter 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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