M&A Deal Summary

Mohawk Industries Acquires The IVC Group

On January 13, 2015, Mohawk Industries acquired building materials company The IVC Group for 1.2B USD

Acquisition Highlights
  • This is Mohawk Industries’ 4th transaction in the Building Materials sector.
  • This is Mohawk Industries’ 3rd largest (disclosed) transaction.
  • This is Mohawk Industries’ 3rd transaction in Belgium.

M&A Deal Summary
Date 2015-01-13
Target The IVC Group
Sector Building Materials
Buyer(s) Mohawk Industries
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

The IVC Group

Avelgem, Belgium
The IVC Group is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate, with operations in Europe and the United States. IVC's sheet vinyl is constructed with a fiberglass core that provides a cushioned product that does not crack, curl or expand, making it durable and easy to install.

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Buyer(S) 1

Buyer

Mohawk Industries

Calhoun, Georgia, United States
Category Company
Founded 1988
Sector Building Materials
Employees43,300
Revenue 11.1B USD (2023)
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 7 of 12
Sector (Building Materials) 4 of 7
Type (Add-on Acquisition) 7 of 10
Country (Belgium) 3 of 3
Year (2015) 1 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-28 Spano NV

Oostrozebeke, Belgium

Spano manufactures and distributes chip and melamine board, which are used to produce furniture and building products primarily in the Belgian market.

Buy €125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Kai

Tokyo, Japan

Kai Corp. is a manufacturer, seller, importer and exporter of cutlery and cutting tools, kitchen utensils, beauty, etc.

Buy -
Mergr

Product

Company

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