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New Deal


Announced

Mohawk to acquire Foss Floors from Wynnchurch Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Textile Products

Private Equity

Private

Single Bidder

carpet

Majority

flooring

United States

tufted and woven manufacturing

Acquisition

plastic recycling

Friendly

Pending

Domestic

Synopsis

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Mohawk, a floor manufacturing company, agreed to acquire Foss Floors, a manufacturer of non-woven needle punch floor coverings and specialty flooring products, from Wynnchurch Capital, a private equity firm. Financial terms were not disclosed. “Foss has a great team of people. We have witnessed their commitment to customers, product innovation, safety and sustainability; and we are confident this will be a successful partnership, with many opportunities to learn from one another as we go forward. We believe it will be an excellent complement to our existing Mohawk Home business. In every product category, we are committed to being the best in the industry, delighting our customers with quality and service and providing a full array of flooring solutions for today’s consumer,” Paul De Cock, Mohawk Flooring President.

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