Mohawk completes Unilin acquisition
Jay McIntosh -- Furniture Today, November 1, 2005
CALHOUN, Ga. -- Mohawk Industries, Inc. has completed the acquisition of Unilin Holding NV, a manufacturer and marketer of laminate flooring products based in Belgium.
Commenting on the acquisition, Jeffrey Lorberbaum, chairman and CEO of Mohawk, stated, "With the acquisition of Unilin, Mohawk has strengthened its market position as a total flooring company.”
For 2004, Unilin had sales of approximately $988 million, operating income after including other income of $238.7 million and depreciation and amortization of $54.1 million. The total value of the acquisition, net of cash, is approximately $2.6 billion and is being financed with debt.
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