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Calhoun, GA and Dallas, TX- Mohawk Industries, the country's second largest carpet maker, has announced its acquisition of the nations top ceramic tile supplier, Dal-Tile. Together, the two create a floor-covering giant. The $1.7 billion deal includes cash, stock and $261.7 million in assumed debt.
Jeffrey S. Lorberbaum, president and CEO of Mohawk says, "The Dal-Tile merger gives us the opportunity to expand our hard surface business and become a leader in the ceramic-tile sector." Other...