Mohawk Completes Columbia Asset Acquisition
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Mohawk Completes Columbia Asset Acquisition
Calhoun, GA, August 14, 2007--Mohawk Industries said it has completed the purchase of four wood flooring plants from Columbia Forest Products.
The facilities include two pre-finished solid plants and one engineered wood plant in the U.S. and an engineered wood plant in Malaysia. They currently are supplying Mohawk with a portion of its wood requirements.
This addition will allow Mohawk to expand in the $2.4 billion wood flooring market. In the U.S., the pre-finished wood market is anticipated to grow at an annual rate of 6% to 8% over the long term.
Mohawk will now have the number one or two position in the wood, carpet, ceramic tile, laminate, stone and rug markets.
Related Topics:Mohawk Industries