Jan 15, 2013. Mohawk Industries, Inc. has completed the acquisition of Pergo, a leading manufacturer of premium laminate flooring. The transaction was previously announced on October 29, 2012. The total value of the acquisition was $150 million in cash.
Mohawk Industries completes purchase of Pergo
Jan 15, 2013. /Lesprom Network/. Mohawk Industries, Inc. has completed the acquisition of Pergo, a leading manufacturer of premium laminate flooring. The transaction was previously announced on October 29, 2012. The total value of the acquisition was $150 million in cash, as the company said in a press release received by Lesprom Network.
In commenting on the closing, Jeffrey S. Lorberbaum, Mohawk's Chairman and CEO, stated, "We are pleased to expand our laminate offering with the highly regarded Pergo brand and designs that complement our existing laminate products. The acquisition aligns Unilin's strength with specialty flooring retailers with Pergo's depth in the U.S. DIY channel. In addition, Pergo enhances our geographic position and provides a platform to further leverage Unilin's patented technologies. The combination offers significant opportunities to optimize the assets of both companies while strengthening the design and product performance of both brands."
Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk provides a complete selection for all markets of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs.
