Mohawk Industries, Inc. (NYSE: MHK) announced today that it has entered into an agreement to purchase Spano Invest NV ("Spano"), a Belgian panel board manufacturer, for €125 million ($168 million) in cash.

Mohawk Industries Inc. recently cemented its place as a global leader in laminate flooring in completing its purchase of Pergo from Pfleiderer for $150 million in cash.

Pergo, manufacturer of laminate flooring has a new owner and a new landlord for its distribution center in Garner.

Mohawk Industries's agreement to purchase Pergo laminate flooring for $150 million will bring an end to German-based Pfleiderer's 7-year presence in the North American wood products market.

Mohawk Industries has agreed to buy Pergo laminate flooring for approximately $150 million from Pfleiderer AG of Dusseldorf, Germany.

Pfleiderer AG has entered into an agreement to sell Pergo to Mohawk Industries, Inc., a leading supplier of flooring applications in the US. Pergo is a leading manufacturer of premium laminate flooring in both Europe and the United States.

Mohawk Industries Inc., an international manufacturer and supplier of flooring products, reported net earnings of $41 million on sales of $1.4 billion for the first quarter ended March 31, 2012.

Mohawk Industries Inc. today announced 2012 first quarter net earnings of $40 million and diluted earnings per share (EPS) of $0.58, a 38% increase over last year's first quarter adjusted EPS.