Mohawk Industries Inc. Overview

Introduction

Mohawk Industries Inc., is the largest and leading flooring company, providing a large-some and variety of hard and soft surface products for commercial and residential space, across the entire North America, and by extension, to the rest of the world. Covering more than 170 countries with more than 43, 000 employees servicing a great volume of customers worldwide. Mohawk Industries primarily deals with provision and distribution of variety of Ceramic and Flooring materials such as ceramic tile, natural stone, porcelain slab countertops, roof tiles and stone, premium carpet and rugs, wood, laminate, luxury winy tie, sheet vinyl, roofing system, installation panels, et cetera, in North America as well as the rest of the world. In its entirety, Mohawk Industries, Inc.’s brands include but not limited to: Mohawk, Karastan, Godfrey Hirst, Mohawk Group, Durkan, Daltile, American Olean, Panoramic Porcelain, Quick-Step, Pergo, Balterio, Feltex, amongst others.

In this piece, however, you would be shown a comprehensive and extensive overview of the company dealings and its aspects. As such, all relevant information detailing its historical background, its key facts, its sales channels and market positions, its affiliated brands and product listings, its financial overview, as well as its pros and cons would be concisely covered to enable you to understand the significant key major elements of the company as quick as possible.

Key Facts

Year of Existence: 1992

Sales Global Reach: 170 Countries

Industrial Reach: 18 Manufacturing Countries

Customer Level: Over 25, 000 Globally

Employee Strength: Over 43, 0000 Worldwide

Growth History

As dynamic and vast as Mohawk Industries products are, so its history. Since 1992, its founding year, Mohawk Industries, Inc. has continued to evolve seamlessly. In this section, you will be introduced to the company’s history at a glance.

In 1992, Mohawk Industries, Inc. was founded founded by Jeffrey Lorberbaum, and its headquarters in based in Calhoun, axis of Georgia, United States. In the same year, the company went public and started selling its share in public as well as trading on the New York Stock Exchange (NYSE) market. By the year 2002, the company had already completed 12 soft surface acquisition, with a level of sale growing geometrically as high as tenfold in that same year.

In the same 2002, Mohawk Industries, Inc, was made the leading ceramic manufacturer and provider. In the entire North America by Dal-Tile. By the end of that year, the Mohawk Industries, Inc., added international production and manufacturing operations.

In the year 2005, Mohawk Industries, Inc., entered European market, and bought a Belgium-based Unlin. The acquisition made Mohawk Industries, Inc. have an edge in the European market as a result, the company became the leading laminate provider on both sides of the Atlantic.

In 2007, the company acquired Columbia Wood Flooring, as a result, engineered and solid wood flooring production and manufacturing operations were added in the United States, and Malaysia respectively

In 2012, Mohawk Industries continued its expansionary move and its laminate flooring was launched into Latin America, using the Brazilian market as its trading space.

In the year 2013, Mohawk Industries, acquired Marazzi, and as a result, the company’s position as the leading company of ceramic tile in the global market was established sequel to its new operations in North America and Europe respectively. Additionally, in the same year, Mohawk Industries, Inc., bought Pergo, and the merger led to an exponential expansion for the company by boosting its laminate leadership with the most popular and respected brands across North America. As well as Europe.

In 2015, the company acquired IVC Group and as a result, that gave Mohawk Industries, a leadership spot in sheet vinyl and LVT in Europe as well as North America. In the same year, the company also bought the KAI Group, an acquisition that extended the company’s ceramic manufacturing operations into Eastern Europe. And before that year ended, the company also purchased Xtrathem, and as a result, the acquisition expanded the company’s regional European insulation leadership.

In 2016, Mohawk Industries, Inc., took a different strategy this year as a result, the company turned inward by investing the sum of 672 Million USD which marks the highest investment in the company’s history to facilitate and foster capacity expansion, product innovation, process improvement as well as its overall operational performance.

In the year 2017, Mohawk Industries, Inc., bought and as a result, the purchase led to the company expanding its leadership status in the ceramic market in Europe. In the same year, the company also bought Polish, a ceramic manufacturing company and as a result, the company established its expansion in central and northern Europe. The purchase of Texas talc mine avails the company the ample and vast supply of basic material for ceramic manufacturing and production in that same year. Also, the company purchased an Alabama nylon polymerization facility and as a result, the company expanded its vertical integration in carpet production and manufacturing. And lastly that year, Mohawk Industries, Inc., invested a tune of 906 Million USD to support and increase its production capacity, expansion into the new and profitable markets as well as entrance into a new product categories.

In 2018, Mohawk Industries, Inc., continued its expansion moves and acquired Godfrey Hist, as a result, the company becomes the largest flooring manufacturing company in Australia and as well as New Zealand. Additionally, coupled with the company’s existing supplying business in the region, the company also becomes the leading carpet and hard surface company in both countries. In the same year, Mohawk Industries, Inc., also purchased Berghoef, and as a result, the company established its leading position in mazzanine flooring as demand increased geometrically as a result of the increase in e-commerce warehousing. Additionally, Mohawk Industries, also bought Swiss and Italian hard surface suppliers, and as a result, the acquisition increased the company’s flooring sales in the profitable and desired markets. And lastly, in the same year, the company also bought Eliane, and as a result, the company, the company was positioned as a leading ceramic manufacturing and production company in Brazil, a country recognized as the world’s third largest ceramic market.

In 2019, Mohawk Industries, Inc., ramped up a quartz countertop plant in Tennessee which until now remains the provider of porcelain, stone and quarzt countertops. Additionally, Mohawk Industries, Inc., initiated a carpet tile manufacturing company in Belgium a move to complement commercial hard surface offering. And lastly that year, Mohawk Industries, Inc., launched a new plant to expand its vinyl production and sales in the marketplace.

In 2021, Mohawk Industries, Inc., continued its expansion and bought Irish insulation manufacturer, and as a result, the acquisition lead to the company’s expansion making it to become a regional leader in the category. Additionally, Mohawk Industries, Inc., also bought a French panel manufacturer the same year and that led to the company’s additional capacity in high-growth group products. In the same year, the company launched the first fully waterproof wood flooring. Furthermore, Mohawk Industries, Inc., went through a patent procedure to reclaim wood fiber from management and control of MDF/HDF panels. And finally, in that same year, the company initiated capacity extension projects in laminate, ceramic, and LVT in high-growth marketplaces.

Sales Channels

Home Centers

Independent Specialty Retailers

Distributors

Builders

Mass Merchants

E-commerce       

Leading Market Positions

Mohawk Industries, Inc., is leading in the following market niches with respect to each continent where the company operates:

In North America, Mohawk Industries, Inc. Leads in the following markets: Ceramic Tile, Laminate, Carpet, Stone, Sheet Vinyl, Luxury Vinyl Tile, Countertops, and Woods

In Australia and New Zealand, Mohawk Industries, Inc. is leading the following markets: Carpet, Luxury Vinyl Tile, Laminate,

In Europe, Mohawk Industries, Inc. Leads in the following market categories: Laminate, Ceramic Tile, Sheet Vinyl, Luxury Vinyl Tile,

And lastly, in South America, Mohawk Industries, Inc. Is leading in the following market niche: Ceramic.

Products & Brands

Products

Ceramic Tile

Residential Carpet

Commercial Flooring

Rugs & Mats

Laminate Flooring

Wood Flooring

Countertops

Luxury Vinyl Tile

Sheet Vinyl

Brands

Mohawk Industries, Inc., in its entirety, has myriads of brands, however, for the sake of brevity, this section will only list a few of them below.

Mohawk,

Karastan,

Godfrey Hirst,

 Mohawk Group,

Durkan,

Daltile,

American Olean,

Panoramic Porcelain,

Quick-Step,

Pergo,

Balterio,

Feltex, among others.

Financials

Revenue: 10 Billion USD

Net Income: 1.4 Billion USD

Total Assets: 13.1 Billion USD

Total Equity: 3.7 Billion USD

Pros

Employee Welfarism

Team of Industrial Experts

Wide Range of Products Selection

Good Organizational Culture

Competitive Pay Rate

Affordable Product Prices

Cons

No Work/Life Balance

Slow Career Progression

Conclusion

Finally, based on the foregoing comprehensive summary, detailing all aspects of Mohawk Industries, operations, and business niches, I hope your expectation highlighted in the introductory portion of this paper have been addressed. However, on the off chance that you are yet to completely absorb all that is drafted in this piece at once, I recommend that you review it over and over again until you are in sync with the entire information.