Calhoun-based Mohawk Industries has agreed to buy laminate flooring manufacturer Pergo for $150 million in cash.
Pergo’s sales in 2011 were approximately $320 million in the U.S. and Europe. The transaction is expected to close no later than first quarter of 2013 and is subject to customary governmental approvals and closing conditions.
“Pergo is a leader in laminate flooring in the U.S. and Nordic countries with premium value added strategies,” said Jeffrey S. Lorberbaum, Mohawk chairman and CEO. “This acquisition complements our specialty distribution network with Pergo’s strength in the U.S. DIY (do-it-yourself) channel. In addition, Pergo leverages our geographic position and provides opportunities to enhance Unilin’s patent portfolio. The combination of the entities offers significant opportunities to optimize the assets of both companies while enhancing the design and product performance of both brands.”
Pergo is a manufacturer of premium laminate flooring in the U.S. and Europe and operates manufacturing facilities in Sweden and the U.S.
Local News
October 29, 2012
Mohawk to buy Pergo for $150 million
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College bound
Noel Salaices poses next to his picture on the Advanced Placement Scholar wall at Dalton High School. (Matt Hamilton/The Daily Citizen)
Noel Salaices said he has become inspired over the past year to look beyond his circumstances and realize the blessings in his life.
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