Mohawk Industries (MHK) agrees to acquire Marazzi Group, a global manufacturer and marketer of...

|About: Mohawk Industries Inc. (MHK)|By:, SA News Editor

Mohawk Industries (MHK) agrees to acquire Marazzi Group, a global manufacturer and marketer of ceramic tile, for ~$1.5B in cash and stock. MHK says the addition of Marazzi, whose 2011 revenues totaled ~€833M ($1.16B), will make it the worldwide leader in ceramic tile. MHK -0.8% AH.