Mohawk Completes Spano Acquisition
Calhoun, GA, May 3, 2013 -- Mohawk Industries said it has completed the acquisition of Spano Group, a Belgian panel board manufacturer.
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The transaction was previously announced on January 28. The total value of the acquisition was 125 million euros in cash.
"The combination of Unilin and Spano will deliver greater value for our customers and expand our product offering," said CEO Jeffrey Lorberbaum.
"Spano extends our customer base into new channels of distribution and adds technical expertise and product knowledge which we can leverage across the segment."