Hard surface additions by Mohawk:* Dal-Tile — 2002* Unilin — 2005* Columbia — 2007* Sanfi — 2010* ARAUCO — 2012* Pergo — 2012* Marazzi — 2012Source: Mohawk, news reports
In one of the biggest deals of 2012, Calhoun, Ga.-based Mohawk Industries will purchase Italian tile giant The Marazzi Group for $1.5 billion.
With the purchase of Italy’s largest tile producer by sales, Mohawk will renew its dominance in the worldwide market for tile, which is the No. 1 flooring product outside the U.S., industry analysts say.
Mohawk also further establishes itself as the world’s largest flooring company, with a commanding share of both the carpet and hard surface markets.
“This acquisition represents the next step in the expansion of Mohawk’s global business and will make Mohawk a stronger company,” said Jeff Lorberbaum, chairman and chief executive officer of Mohawk.