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 the 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. It has two manufacturing facilities in both the United States and Canada, as well as two plants in Sweden.
Local News
October 30, 2012
Mohawk to buy flooring manufacturer
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Police and Fire Games: Dalton firefighter snags second place
Mason Martin, back right, cheers on his mother, Serena Martin, an officer with the Dalton Police Department, as she pushes a patrol car as part of an obstacle course to determine the “Toughest Overall” during the Georgia Police and Fire Games on Monday at the Whitfield County Sheriff’s Department’s firing range. (Misty Watson/The Daily Citizen)
A seasoned Dalton firefighter placed second in the Toughest Overall Competitor event at the Police and Fire Games in Dalton on Monday.
Continued ... - County school board expected to approve budget Wednesday morning
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- Jun 16, 2013
- Ridley trades banking for farming
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- Blue Ridge wins Georgia Safe Routes to School award
- Dalton to host Police and Fire Games this week
- Phyllis Stephens: Building community leadership capacity
- Jun 15, 2013
- Ball for fathers and daughters
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