Mohawk buying Unilin
July 5, 2005-- Home Textiles Today,
CALHOUN, Ga. -- Mohawk Industries Inc. is acquiring Unilin Holding NV -- a Belgian laminate flooring company -- in a move it described as its “second major step” in becoming a total flooring company.
In 2002, Mohawk made its first such move in this direction when it acquired Dal-Tile. That purchase made Mohawk the largest ceramic provider in the country.
The transaction is valued at approximately $2.6 billion, including net cash balances of $33 million. Unilin had annual sales in Belgian GAAP of approximately $1 billion and EBITDA margins in excess of 29 percent.