Business Briefs: Mohawk purchase gets approval

Business Briefs: Mohawk purchase gets approval

April 26th, 2013 by Staff Reports and Associated Press in Business Around the Region

Mohawk purchase gets approval

The European Commission has approved Mohawk Industries' acquisition of Belgian panel board maker Spano Invest. The $168 million purchase had been under review by European anti-trust regulators for the past month.

Spano manufactures and distributes chip and melamine boards used in furniture construction and as building materials. The company is majority-owned by Belgian holding company Ackermans & Van Haaren.

Spano was the most recent in a string of announced acquisitions by Calhoun, Ga.-based Mohawk. Earlier this month, the company said it had completed its $1.6 billion buyout of Italian ceramic tile maker Marazzi Group. Mohawk completed its purchase of Swedish laminate flooring company Pergo for $150 million in January.

Michigan worker dies at Nissan

SMYRNA, Tenn. - Nissan officials say an employee of a supplier died in a fatal accident at its vehicle assembly plant in Smyrna.

The employee of Lake Orion, Mich.-based Complete Automation was killed Thursday in the factory's paint plant. Bob Light, a spokesman for Complete Automation, said the employee was killed when a large electrical panel fell while it was being moved. Light said the company makes paint systems for Nissan and the employee, who was not identified, lived in Michigan.