Mohawk Industries to buy Italy's Marazzi for $1.5 bln

Thu Dec 20, 2012 4:31pm EST

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Dec 20 (Reuters) - Mohawk Industries Inc, a U.S. ceramic tile maker, said it would buy Italy's Marazzi Group for about $1.5 billion to boost its position in the United States, Russia and Europe.

Ceramics maker Marazzi had revenue of about $1.16 billion in 2011, Mohawk said in a statement on Thursday.

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