Mohawk Industries, Inc. has agreed to acquire Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, further extending Mohawk's global position.
The transaction is expected to be completed during the first half of 2018, pending customary closing conditions and regulatory approvals. Mohawk anticipates that the transaction will be accretive to EPS in the first twelve months.
Jeffrey S. Lorberbaum, Mohawk's chairman and CEO, stated, "Mohawk's strategy in Australia and New Zealandhas been to build a leading position in the flooring market. Godfrey Hirst's marketing, manufacturing and distribution leadership will complement our current hard surface distribution and strengthen our portfolio. We will leverage our global flooring resources and talent to support Godfrey Hirst's outstanding management and accelerate their growth strategies."
Mohawk Industries is the leading global flooring manufacturer.
