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November 28, 2017

Mohawk agrees to buy largest flooring company in Australia and New Zealand

Mohawk Industries has agreed to acquire Godfrey Hirst Group, a leading flooring company in Australia and New Zealand.  Mohawk presently operates a comprehensive warehouse and sales network in Australia and New Zealand to distribute the company's wood, laminate, LVT, vinyl and carpet products.    Godfrey Hirst is the most vertically integrated flooring operation in Australia and New Zealand, providing broadloom, modular carpet and hard surface products for both residential and commercial applications. Godfrey Hirst's sales were about US$334 million in their most recent fiscal year, which ended June 30, 2017. The transaction ...

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