M&A Deal Summary

Mohawk Industries Acquires Vitromex

On June 3, 2022, Mohawk Industries acquired building materials company Vitromex from Grupo Industrial Saltillo S.A. de C.V for 293M USD

Acquisition Highlights
  • This is Mohawk Industries’ 7th transaction in the Building Materials sector.
  • This is Mohawk Industries’ 4th largest (disclosed) transaction.
  • This is Mohawk Industries’ 4th transaction in the United States.
  • This is Mohawk Industries’ 2nd transaction in Texas.

M&A Deal Summary
Date 2022-06-03
Target Vitromex
Sector Building Materials
Buyer(s) Mohawk Industries
Sellers(s) Grupo Industrial Saltillo S.A. de C.V
Deal Type Divestiture
Deal Value 293M USD

Target

Vitromex

San Antonio, Texas, United States
Vitromex is a provider in the manufacture of glazed ceramic, porcelain, mosaics, and decorative tile floor and wall designs for home and commercial purposes. Vitromex was founded in 1967 and is based in San Antonio, Texas.

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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 11 of 12
Sector (Building Materials) 7 of 7
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 4 of 5
Year (2022) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Godfrey Hirst Group

South Geelong, Australia

Godfrey Hirst Group is a flooring company, that provides broadloom, modular carpet and hard surface products for both residential and commercial applications. Godfrey Hirst Group was founded in 1865 and is headquartered in South Geelong, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Foss Floors

Rome, Georgia, United States

Foss Floors is a manufacturer of specialty engineered fibers. Foss develops innovative non-woven, environmentally friendly, and anti-microbial fiber solutions for a wide variety of industries and applications, including commercial, residential, municipal/civil, craft/hobby, marine, and medical. Foss was on a strong growth trajectory and sought to partner with an operationally focused investor to support its long-term growth plan. Foss Floors is based in Rome, Georgia.

Buy -

Seller(S) 1

SELLER

Grupo Industrial Saltillo S.A. de C.V

Saltillo, Mexico
Category Company
Founded 1928
Sector Consumer Products
DESCRIPTION

Grupo Industrial Saltillo S.A. de C.V it is an Mexican company founded in 1928. With six business units and production plants operating in five cities in Mexico, it design, manufacture and market products for various industrial and consumer sectors.

DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Ditemsa Moldes de Plastico S.A. de C.V.

Saltillo, Mexico

Ditemsa Moldes de Plastico S.A. de C.V., provides plastic injection mold tool making business services.

Sell -
Mergr

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