Mohawk buying flooring maker Pergo for $150 million

Calhoun-based Mohawk Industries announced Monday that it has agreed to purchase laminate flooring manufacturer Pergo for $150 million in cash.
Chairman and CEO Jeffrey Lorberbaum said the acquisition “complements our specialty distribution network with Pergo’s strength in the U.S. (do-it-yourself) channel.”

He also said the deal would help its Unilin laminate flooring unit.

Pergo had sales of about $320 million in 2011 in the U.S. and Europe. See the full story at www.ajc.com.