June 18, 2015
Mohawk Industries completes takeover of Belgian IVC Group
This week, American Mohawk Industries has completed its acquisition of the Belgian IVC Group for $1.2 billion in cash and stock. The IVC Group is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate, with operations in Europe and the United States and sales of approximately $700 million. The IVC Group was founded in Belgium in 1997 by Filip Balcaen, who is currently IVC's chairman and primary shareholder. IVC is a sheet vinyl provider in Europe and the U.S. and is also a leading player in the fast growing LVT ...
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