U.S. (Notifix).- Mohawk Industries, a leading global flooring manufacturer, announced on May 3rd. that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer. The transaction was previously announced on January 28, 2013.

The total value of the acquisition was €125 million in cash. In 2012, Spano generated estimated sales of €183 million.

In commenting on the closing, Jeffrey S. Lorberbaum, Mohawk's Chairman and CEO, stated, "The combination of Unilin and Spano will deliver greater value for our customers and expand our product offering. Spano extends our customer base into new channels of distribution and adds technical expertise and product knowledge, which we can leverage across the segment."

Mohawk Industries is a leading global flooring manufacturer. The Group’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Mohawk’s brands are among the most recognized in the industry and include American Olean, Bigelow, Daltile, Durkan, Karastan, Lees, Marazzi, Mohawk, Pergo, Unilin and Quick-Step. During the past decade, Mohawk has transformed its business from an American carpet manufacturer into the world's largest flooring company with operations in Australia, Brazil, Canada, China, Europe, India, Malaysia, Mexico, Russia and the United States.