ICS Magazine

Unilin now officially part of Mohawk

November 1, 2005
Mohawk Industries Inc. reported its $2.6 billion acquisition of Belgian flooring products company Unilin Holding NV is complete.

"With the acquisition of Unilin, Mohawk has strengthened its market position as a total flooring company," said Jeffrey S. Lorberbaum, chairman and CEO of Mohawk. "As we did through the acquisition of Dal-Tile in early 2002, we have further diversified our product base, distribution strategy and geographical footprint through the addition of Unilin. Laminate flooring is exceptionally popular in Europe and is rapidly gaining market share in the U.S."

In 2004, Unilin had $988 million in sales.

"Unilin's experience in the European flooring market and its relationships with retailers will contribute invaluably to the company," Lorberbaum added. "Unilin also boasts a growing share of the U.S. market, supported by its expanded production capacity and modern HDF board plant in North Carolina."

Calhoun, Ga.-based Mohawk recently reported its third-quarter profit fell to $108.6 million, following the impact of Hurricanes Katrina and Rita, higher raw material costs, increasing energy costs and a shift in ceramic tile introductions.