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Mohawk Industries to buy Marazzi for $1.5 billion

By Washington Examiner
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NEW YORK (AP) — Mohawk Industries Inc., which makes residential and commercial flooring, is buying Marazzi Group for about $1.5 billion to expand its ceramic tile business.

Mohawk says Marazzi, which sells tile in more than 100 countries, posted revenue last year of about $1.16 billion. Two private equity funds — Permira and Private Equity Partners — and the Marazzi family are selling the company, which is based in Italy.

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