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Mohawk in talks to buy Italian firm for $1.2 billion

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DALOTN, GA (Times Free Press) -- Calhoun, Ga.-based floorcovering maker Mohawk Industries is in advanced talks to buy the unlisted Italian ceramics maker Marazzi Group, two sources familiar with the deal told Reuters today.

A source said the parties were looking at the final details. "But it's a very complex operation ... Mohawk is evaluating the company very carefully," the source said.

A second source said the price of the deal was around $1.2 billion, according to Reuters.

Read more on the story from our news partners at the Chattanooga Times Free Press.

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