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Mohawk Industries to acquire European manufacturer

Jan 28, 2013 -- 10:29am

By: Andrew Carter (WRGA News)

Another feather in the hat for an area manufacturer as they announce their latest acquisition of a major European company.

According to a news release, Calhoun-based Mohawk Industries has entered into an agreement to purchase Spano Invest NV, a Belgian manufacturer that specializes in producing panel board.

The deal, announced Monday, was worth an estimated $168 million. The transaction should close in the second half of this year, according to company officials. Spano is a leading manufacturer and distributer of chip and melamine board, used in furniture making and building products in the Low Countries of Western Europe.

This is Mohawk’s third major acquisition of a European company in four months, following purchases of Pergo Industries and Unilin back in October 2012. 

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