Mohawk Industries, Inc. (MHK) said Friday that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer, for €125 million in cash.
The deal was previously announced on January 28.
In 2012, Spano generated estimated sales of €183 million.
Jeffrey Lorberbaum, Mohawk's Chairman and CEO, stated, "The combination of Unilin and Spano will deliver greater value for our customers and expand our product offering. Spano extends our customer base into new channels of distribution and adds technical expertise and product knowledge which we can leverage across the segment. The significant synergies between Unilin and Spano create opportunities to optimize manufacturing assets and processes, raw materials and operational efficiencies."
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.