Mohawk Industries Announces Purchase of Godfrey Hirst Group

Mohawk Industries announced that the company has agreed to acquire Godfrey Hirst Group, a leading flooring company in Australia and New Zealand, further extending Mohawk's global position. 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 $334 million in their most recent fiscal year, which ended June 30, 2017. The transaction is expected to be completed during the first half of 2018, pending customary closing conditions and regulatory approvals.