Mohawk Industries announced it has entered into a definitive agreement to acquire the IVC Group—which includes the company’s Dalton operations consisting of its U.S. headquarters, a sheet vinyl factory and a state-of-the-art luxury vinyl tile (LVT) plant that is coming online.
Luxury vinyl flooring (LVF), including plank (LVP) and tile (LVT), has seen a resurgence in recent years, and can be found installed in both residential and commercial settings.
When it comes to the resilient flooring, be it linoleum, vinyl, rubber, etc., the category is one of the few industries that can proudly say it has a long and rich American heritage. In fact, when you look at the major producers of resilient, many companies can trace their roots back to the 1800s.
Armstrong World Industries reported a fourth quarter net income of $10.8 million, which is a 17.4% increase from 2012’s $9.2 million fourth quarter net income.
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