HOLDEN, W. Va - Georgia-based flooring giant Mohawk Industries will permanently close its manufacturing plant in Holden, West Virginia on May 6 - laying off the plant's 111 employees.

Mohawk Industries (MHK) is set to gain from the portfolio expansion strategy, given notable acquisitions and cost-saving initiatives. However, coronavirus outbreak and soft ceramic market hurt.

Calhoun-based Mohawk Industries announced Monday that it has agreed to purchase laminate flooring manufacturer Pergo for $150 million in cash. Chairman and CEO Jeffrey Lorberbaum said the ...

Mohawk Industries announced Monday that it would buy its No. 1 competitor in the laminate market for $150 million in cash. The purchase will combine flooring giant Mohawk, the second-largest ...

Hughes rates the stock a Buy with a price target of $184. Shares of Mohawk were falling 11% to $134.73 and were on pace for their largest daily percentage decrease since July 9, 2020, according to ...