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Mohawk Industries, Inc.
MHK announced today that it has entered into an agreement to purchase Pergo,
a manufacturer of laminate flooring, for $150 million in cash. Pergo's sales
in 2011 were approximately $320 million in the U.S. and Europe. The business
is expected to be accretive in the first year. This transaction is expected to
close no later than first quarter of 2013 and is subject to customary
governmental approvals and closing conditions.
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