Calhoun-based Mohawk Industries announced Thursday it has completed the acquisition of Pergo, a manufacturer of premium laminate flooring.
The transaction was previously announced in October 2012. The total value of the acquisition was $150 million in cash. In 2011, Pergo’s sales were approximately $320 million in the U.S. and Europe.
In commenting on the closing, Jeffrey S. Lorberbaum, Mohawk’s Chairman and CEO, said, “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.”
Local News
January 11, 2013
Mohawk closes on Pergo
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Still missing: Riders detour to visit with mother of MIA Vietnam vet
Karoni Forrester, of Texas, with the National League of POW/MIA Families, left, speaks with Christine Jones, whose son Bobby, a soldier in the Vietnam War, is still classified as MIA, on Tuesday. (Misty Watson/The Daily Citizen)
At 96-and-a-half years old, Christine Jones still remembers well that day in 1972 when she learned her son was missing in action.
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