Announced
Financials
Tags
Textile Products
Private Equity
Private
Single Bidder
carpet
Majority
flooring
United States
tufted and woven manufacturing
Acquisition
plastic recycling
Friendly
Pending
Domestic
Synopsis
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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