Profile: Mohawk Industries Inc (MHK.N)

MHK.N on New York Stock Exchange

26 Dec 2014
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$0.74 (+0.48%)
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Mohawk Industries, Inc. (Mohawk), incorporated on December 22, 1988, is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe. The Company is a carpet and rug manufacturer and manufacturers, marketers and distributors of ceramic tile, natural stone and hardwood flooring in the United States, as well as a producer of laminate flooring in the United States and Europe. The Company has three reporting segments: the Mohawk segment, the Dal-Tile segment and the Unilin segment. The Company has recently expanded its international presence through investments in Australia, Brazil, China, France, Mexico and Russia. During the year ended December 31, 2012, approximately 83% of this amount was generated by sales in North America and approximately 17% was generated by sales outside North America. In January 2013, the Company acquired Pergo. In April 2013, it completed the acquisition of the Marazzi Group. In May 2013, the Company acquired Spano Group.

Mohawk Segment

Through its Mohawk segment, the Company designs, manufactures, sources, distributes and markets thousands of styles of carpet and rugs in a range of colors, textures and patterns. In addition, the Mohawk segment markets and distributes ceramic tile, laminate, hardwood, resilient floor covering, carpet pad and flooring accessories. The Mohawk segment positions product lines in all price ranges and emphasizes style, performance and service. The Mohawk segment markets and distributes its product lines to over 24,000 customers, which include independent floor covering retailers, home centers, mass merchandisers, department stores, commercial dealers and commercial end users. Some products are also marketed through private labeling programs. The Mohawk segment’s soft surface operations are vertically integrated from the extrusion of resin to the manufacturing and distribution of finished carpets and rugs. The Company offers marketing and advertising support through residential dealer programs like Mohawk Floorscapes, Mohawk ColorCenter, and Karastan. It markets its hospitality carpet under the Durkan brand, which includes the Merit collection of hospitality carpet. The Company’s carpet and rug manufacturing operations are integrated and include the extrusion of resin and post-consumer plastics into triexta fiber, polyester, nylon and polypropylene, and yarn processing, backing manufacturing, tufting, weaving, dyeing, coating and finishing.

Dal-Tile Segment

The Dal-Tile segment designs, manufactures, sources, distributes and markets a range of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. The Company serves ceramic tile industry with product lines, which include glazed floor tile, glazed wall tile, glazed and unglazed ceramic mosaic tile, porcelain tile, quarry tile and stone products, as well as installation products. In addition, Dal-Tile sources, markets and distributes other tile related products. The Dal-Tile segment’s ceramic tile products are marketed under the Dal-Tile and American Olean brand names and sold through independent distributors, home center retailers, individual floor covering retailers, ceramic specialists, commercial dealers and commercial end users. The Dal-Tile segment operations are integrated from the production of raw material for body and glaze preparation to the manufacturing and distribution of ceramic and porcelain tile.

Unilin Segment

The Unilin segment designs, manufactures, sources, licenses, distributes and markets laminate and hardwood flooring used in the residential market for both remodeling and new construction in Europe and the United States. Unilin is engaged in laminate flooring technology, having commercialized direct pressure laminate (DPL) and has developed the UNICLIC glueless installation system and a range of other new technologies, such as beveled edges, multiple length planks and new surface and finish features, from which the Company generates licensing revenue. Unilin sells its flooring products under the Quick-Step, Columbia Flooring, Century Flooring and Mohawk brands through retailers, independent distributors and home centers. In Europe, Unilin also produces roofing systems, insulation panels and other wood products. During the year ended December 31, 2012, Unilin began marketing luxury vinyl tiles in Europe. This product features UNICLIC technology for easy installation.

Company Address

Mohawk Industries Inc

PO Box 12069
CALHOUN   GA   30701
P: +1678.3555814
F: +1302.6555049

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