Mohawk Industries

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Mohawk Industries, Inc
Type Public
Traded as NYSE: MHK
Industry Conglomerate
Founded Amsterdam, New York
United States (1878 (1878))
Headquarters Calhoun, Georgia, U.S.
Area served Worldwide
Key people Jeffrey S. Lorberbaum
(Chairman & CEO)[1]
Products Flooring
Revenue Increase $ 5.8 billion (FY 2012)[2]
Net income Increase $ 250 million (FY 2012)[2]
Total assets Increase $ 6.3 billion (FY 2012)[2]
Total equity Increase $ 3.7 billion (FY 2012)[2]
Employees 25,100 (December 2012)[2]
Website MohawkInd.com


Mohawk Industries (NYSE: MHK) is a flooring manufacturer based in Calhoun, Georgia, USA. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rug), hard flooring products (ceramic tile, natural stone and hardwood flooring), and laminate flooring. The company employs 32,500 in operations in Australia, Brazil, Canada, China, Europe, India, Malaysia, Mexico, Russia and the United States.

History

William Shuttleworth and his four sons arrived in the United States of America in 1875 and set up a carpet mill in the Hudson Valley upon arrival. After William Shuttleworth died, the four sons moved to Amsterdam, New York in 1878 and took over an empty factory there.[3] The company incorporated as the Shuttleworth Brothers Company in 1902.[4]

The company adopted the name Mohawk Carpet Mills (or Mohawk Mills, for short) in 1920, when it merged with McCleary, Wallin and Crouse, another mill in Amsterdam.[5] It became the country's sole weaver to offer an entire line of domestic carpets, also creating the industries first textured design and sculptured weave.[4]

In 1956, Mohawk Carpet Mills merged with Alexander Smith, Inc. to become Mohasco Industries, which gradually moved manufacturing south into the Carolinas and eventually Georgia. In 1963, the company turned some of its attention to furniture manufacturing.

Carpet manufacturing at the Amsterdam site ended by 1968 and the last corporate offices left by 1987.[3] In 1992, the company went public as Mohawk Industries and through 2003, it continued to acquire and merge many other companies into its conglomerate.[4] Its present CEO is Jeffrey Lorberbaum.

Mohawk Industries, Inc. v. Carpenter

In 2009, it was involved in the Supreme Court case Mohawk Industries, Inc. v. Carpenter. The court found in favor of Mohawk Industries, in a 9-0 decision.[6]

References

  1. ↑ "Mohawk Industries - Leadership". Retrieved 29 August 2013. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "Mohawk Industries 2012 Annual Report, Form 10-K, Filing Date Feb 27, 2013". secdatabase.com. Retrieved August 29, 2013. 
  3. ↑ 3.0 3.1 Daily Gazette
  4. ↑ 4.0 4.1 4.2 Funding Universe
  5. ↑ Hudson Valley Ruins
  6. ↑ Oyez/org


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