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UNILIN announces agreement to purchase Pergo

UNILIN is pleased to announce the agreement in principle to acquire Pergo

As we welcome Pergo into the UNILIN group, of which Quick-Step is a well-known brand, we believe that the synergy between the two strong companies will greatly contribute toward creating the most innovative and comprehensive laminate flooring product offering and expand businesses were there is currently limited presence.

This cooperation, which brings together UNILIN’s world-class laminate, engineered wood and Vinyl technology and Pergo’s intellectual property and manufacturing technology, will create a business with a unique focus on design, innovation, quality and service that will enable us to deliver an unrivalled flooring experience to our customers.

In commenting on the acquisition, Jeffrey S. Lorberbaum, chairman and CEO of Mohawk Industries Inc, stated, “Pergo is a leader in laminate flooring in the U.S. and Nordic countries with premium value added strategies. This acquisition complements our specialty distribution network with Pergo’s strength in the U.S. DIY channel. In addition, Pergo leverages our geographic position and provides opportunities to enhance UNILIN’s patent portfolio. The combination of the entities offers significant opportunities to optimize the assets of both companies and enhance the design and product performance of both brands”

About Pergo

Pergo is a leading manufacturer of premium laminate in both Europe and the United States. Pergo is one of the pioneers in laminate flooring and one of the strongest brands in the U.S. and Europe. Pergo has been a leader in laminate flooring technology, including unique patents on design and installation methods. Headquartered in Sweden, Pergo operates manufacturing facilities in Scandinavia and the U.S.

About UNILIN

UNILIN produces laminate, engineered wood and vinyl floors under the Quick-Step brand, as well as wood-based panels (particle board, MDF), decorative panels, roofing elements and insulation panels.

UNILIN is part of Mohawk Industries, Inc., which is listed on the New York Stock Exchange. A leading supplier of flooring for residential and commercial applications, Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. These products are marketed under some of the industry’s best-known brands, including Mohawk, Karastan, Lees, Bigelow, Durkan, Dal-Tile, American Olean, UNILIN and Quick-Step. Mohawk’s international presence includes operations in China, Europe, Malaysia, Mexico, Brazil and Russia.

www.quick-step.com

 

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