Mohawk Industries, Inc. (NYSE: MHK) laminate and wood segment flooring sales rose 41% to $466 in the fourth quarter, fed by acquisitions of Pergo and Spano, and growing U.S. sales.
Mohawk Industries Laminate and Wood segment net sales were $451 million, up 37% over last year. Most of the increase is from the acquisitions of Pergo and Spano, and growth in North America.
International floor products manufacturer Mohawk Industries Inc. (NYSE: MHK) continued its profit surge, posting net earnings of $50 million on $1.5 billion in sales in the first quarter of 2013 despite a weak European market.
Mohawk Industries (NYSE: MHK) entered an agreement to acquire Belgian melamine and chip board maker Spano Invest NV for $168 million in cash. It already owns Belgian panel maker Unilin.
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.