Mohawk Completes $150M Purchase of Pergo
Calhoun, GA, Jan. 11, 2013 -- Mohawk Industries said it has completed the acquisition of laminate maker Pergo for $150 million in cash.
In 2011, Pergo's sales were approximately $320 million in the U.S. and Europe, Mohawk said.
"The acquisition aligns Unilin's strength with specialty flooring retailers with Pergo's depth in the U.S. DIY channel," said CEO Jeffrey S. Lorberbaum.
"In addition, Pergo enhances our geographic position and provides a platform to further leverage Unilin's patented technologies. The combination offers significant opportunities to optimize the assets of both companies while strengthening the design and product performance of both brands."