CALHOUN, Ga., Jan. 10, 2013 /PRNewswire/ — Mohawk Industries, Inc. (NYSE: MHK) today appear that it has completed the accretion of Pergo, a arch architect of exceptional coat flooring. The transaction was ahead appear on October 29, 2012. The absolute amount of the accretion was $150 actor in cash. In 2011, Pergo’s sales were about $320 actor in the U.S. and Europe.
In commenting on the closing, Jeffrey S. Lorberbaum, Mohawk’s Chairman and CEO, stated, “We are admiring to aggrandize our coat alms with the awful admired Pergo cast and designs that accompaniment our absolute coat products. The accretion aligns Unilin’s backbone with specialty attic retailers with Pergo’s abyss in the U.S. DIY channel. In addition, Pergo enhances our geographic position and provides a belvedere to added advantage Unilin’s patented technologies. The aggregate offers cogent opportunities to optimize the assets of both companies while deepening the architecture and artefact achievement of both brands.”
Certain of the statements in the anon above-mentioned paragraphs, decidedly anticipating approaching performance, business prospects, advance and operating strategies and agnate affairs and those that accommodate the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or agnate expressions aggregate “forward-looking statements.” For those statements, Mohawk claims the aegis of the safe anchorage for advanced statements independent in the Private Securities Litigation Reform Act of 1995. There can be no affirmation that the advanced statements will be authentic because they are based on abounding assumptions, which absorb risks and uncertainties. The afterward important factors could account approaching after-effects to differ: changes in bread-and-butter or industry conditions; competition; aggrandizement in raw actual prices and added ascribe costs; activity costs and supply; timing and akin of basic expenditures; timing and accomplishing of amount increases for the Company’s products; crime charges; affiliation of acquisitions; all-embracing operations; addition of new products; cause of operations; tax, artefact and added claims; litigation; and added risks articular in Mohawk’s SEC letters and accessible announcements.
Mohawk is a arch supplier of attic for both residential and bartering applications. Mohawk provides a complete alternative for all markets of carpet, bowl tile, laminate, wood, stone, vinyl and rugs. These articles are marketed beneath the arch brands in the industry including Mohawk, Karastan, Lees, Bigelow, Durkan, Mohawk Home, Daltile, American Olean, Pergo, Unilin and Quick-Step. Mohawk’s all-embracing attendance includes operations in Australia, Brazil, China, Europe, Malaysia, Mexico and Russia.
SOURCE Mohawk Industries, Inc.
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