MILAN Nov 23 U.S. ceramic tiles maker Mohawk
Industries is in advanced talks to buy the unlisted
Italian ceramics maker Marazzi Group, two sources familiar with
the deal said on Friday.
"The talks are in an advanced stage with due diligence
ongoing, though it is still not completely sure if the deal will
go through," said one source.
A second source said the parties were looking at the final
details. "But it's a very complex operation. Marazzi is a very
articulated group... Mohawk is evaluating the company very
carefully," the source said.
The second source said the price of the deal was around $1.2
Marazzi declined to comment while Mohawk was not immediately
available for a comment.