Mohawk in talks with Marazzi

Mohawk in talks with Marazzi

November 24th, 2012 by Staff Report in Business Around the Region

Calhoun, Ga.-based floor-covering maker Mohawk Industries is in advanced talks to buy the unlisted Italian ceramics maker Marazzi Group, two sources familiar with the deal told Reuters on Friday.

A source said the parties were looking at the final details. "But it's a very complex operation ... Mohawk is evaluating the company very carefully," the source said.

A second source said the price of the deal was around $1.2 billion.

Marazzi declined to comment while Mohawk was not immediately available for a comment.