Tuesday, November 20, 2012

Rumor Has It: Is Mohawk Industries Eyeing Marazzi Group?

Read the whole article at Seeking Alpha: 

>>According to an article published over the weekend by the Italian financial magazine "Il Mondo", Mohawk Industries (MHK) is in advanced talks to acquire the Italian based Marazzi Group, one of the world leaders in the design, manufacture and sales of ceramic tiles.

Some background for Marazzi Group and the Italian Ceramic Tile District

Marazzi Ceramiche was established in 1935 in Sassuolo, in the province of Modena, an area that later developed into the Italian ceramic tile district, where roughly 80% of all Italian tiles are produced in a relatively small region including nearby cities of Maranello, Fiorano (more famous as Ferrari is headquartered and has its testing circuit there), Castellarano and Casalgrande.

No comments: