Mohawk industries announces acquisition of vitromex ceramic tile business from grupo industrial saltillo

Calhoun, georgia, june 03, 2022 (globe newswire) -- mohawk industries, inc. (nyse: mhk) announced today that it has entered into an agreement to purchase the vitromex ceramic tile business from grupo industrial saltillo (gis) for approximately $293 million in cash. the transaction is expected to close in the second half of 2022 and is subject to the approval of gis's shareholders, as well as customary government approvals and closing conditions. the vitromex business is expected to be accretive to mohawk's earnings.
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