M&A Deal Summary

Mohawk Industries Acquires Dal-Tile International

On March 20, 2002, Mohawk Industries acquired apparel/textiles company Dal-Tile International from AEA Investors

Acquisition Highlights
  • This is Mohawk Industries’ 1st transaction in the Apparel/Textiles sector.
  • This is Mohawk Industries’ 2nd transaction in the United States.
  • This is Mohawk Industries’ 1st transaction in Texas.

M&A Deal Summary

Date 2002-03-20
Target Dal-Tile International
Sector Apparel/Textiles
Buyer(s) Mohawk Industries
Sellers(s) AEA Investors
Deal Type Add-on Acquisition

Target

Dal-Tile International

Suite 1704, Texas, United States
One of the US’s largest makers of ceramic tiles, Dal-Tile sells its floor, wall, quarry, and mosaic tiles under the Daltile and American Olean brand names.

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Buyer(S) 1

Buyer

Mohawk Industries

Calhoun, Georgia, United States

Category Company
Founded 1988
Sector Building Materials
Employees41,900
Revenue 10.8B USD (2024)
DESCRIPTION
Entrance to Mohawk Industries' corporate headquarters in Calhoun, Georgia.
Entrance to Mohawk Industries' corporate headquarters in Calhoun, Georgia.

Mohawk Industries is a flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Mohawk's vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring. Mohawk Industries was founded in 1988 and is based in Calhoun, Georgia.


DEAL STATS #
Overall 2 of 12
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 10
State: Texas M&A 1 of 2
Country: United States M&A 2 of 5
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-03-09 American Rug Craftsmen

Sugar Valley, Georgia, United States

American Rug Craftsmen, Inc. a manufacturer of household rugs and door mats.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-04 Unilin Holding NV

Wielsbeke, Belgium

Unilin Holding NV is a manufacturer and marketer of laminate flooring products based in Belgium.

Buy €2.2B

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 4 of 79
Sector: Apparel/Textiles M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 26
State: Texas M&A 1 of 7
Country: United States M&A 4 of 71
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 Symrise

Holzminden, Germany

Symrise is a producer of flavours, fragrances, cosmetic ingredients and aroma chemicals in the world. Symrise was founded in 1874 and is based in Holzminden, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-24 Burt s Bees

Morrisville, North Carolina, United States

Burt's Bees, Inc. manufactures natural personal care products. It offers lip care products, including lip balms and creams, lip glosses, lip colors, and lip shimmers; face care products, including facial cleansers, exfoliates, facial toners, complexion mists, moisturizers, and eye creams; and body care products, including washes and soaps, moisturizing body lotions, oils, hand soaps, hand moisturizers, foot care products, and bath products.

Buy -