Mohawk Industries (Calhoun, Ga.) will acquire Godfrey Hirst Group, a leading flooring company in Australia and New Zealand, during the first half of 2018.
The acquisition will allow Mohawk to increase its participation in the global flooring market and become a leader in flooring products in Australia and New Zealand, CEO Jeffrey Lorberbaum said in a statement.
The Godfrey Hirst Group sells hard floor coverings and carpeting for residential and commercial jobs. It had sales of $334 million in its most recent fiscal year ending June 30, according to a statement from Mohawk. The family has been owned and operated by the McKendrick family for the last 50 years.
“Godfrey Hirst's marketing, manufacturing and distribution leadership will complement our current hard surface distribution and strengthen our portfolio,” Lorberbaum said. “We will leverage our global flooring resources and talent to support Godfrey Hirst's outstanding management and accelerate their growth strategies."
