Mohawk goes laminate: Buys Quick-Step for $2.6 bil.
The addition of Quick Step to Mohawk's product line will similarly give the Calhoun, Ga.-based manufacturer a dominant position in the fast growing laminate category. At the same time, Mohawk will have immediate access to a greatly expanded European distribution network and a management team that knows the territory.
In announcing the deal, which is expected to be finalized before the end of the year subject to regulatory approvals and other closing conditions, Mohawk said Quick-Step will continue to be sold through its existing distribution network. It added that "new brands and products will be introduced to meet the needs of the market."