Mohawk Industries Inc. (MHK) announced that it has completed the acquisition of the Marazzi Group for about $1.5 billion with a combination of cash and equity.
The Marazzi Group is a manufacturer and marketer of ceramic tile in all its major geographies, including Russia, the United States and Western Europe. The Marazzi's 2012 revenues were about 858 million euros.
In December 2012, Mohawk Industries had announced that it entered into a definitive agreement to acquire the Marazzi Group for 1.17 billion euros, or about $1.5 billion, with a combination of cash and equity.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.