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Mohawk Carpet history
Mohawk Carpet company history timeline
In 1995, Jeffrey Lorberbaum, son of Aladdin founder Alan Lorberbaum, was appointed president and chief operating officer.
Debt service ran at $40 million in 1995, cutting a large chunk of cash flow.
In 1995, it held 17 percent of the $9.8 billion wholesale carpet and rug market, compared to leader Shaw Industries’ 26 percent share.
In 1997, Mohawk acquired Diamond Rug & Carpet Mills, a bankrupt manufacturer of inexpensive cut pile polypropylene rugs.
Mohawk's sales and earnings continued to climb; again, in 1998, net income shot up dramatically, to $130 million.
1999: Image Carpets and Durkan Patterned Carpets are purchased.
While these developments helped to enhance the company as a whole, it was the 2001 merger with Dal-Tile that made the biggest splash.
By 2003, Mohawk's net sales reached $5 billion, with net income of $310 million.
"Mohawk Industries, Inc. ." International Directory of Company Histories. . Encyclopedia.com. (June 21, 2022). https://www.encyclopedia.com/books/politics-and-business-magazines/mohawk-industries-inc-0
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Mohawk Carpet competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Mannington Mills | 1915 | $670.0M | 3,000 | 16 |
| Tremron | 1992 | $14.0M | 135 | 18 |
| Hoover Treated Wood Products, Inc. | 1955 | $82.0M | 200 | 11 |
| Reading Rock, Inc. | - | - | - | 4 |
| Koetter Woodworking | 1959 | $51.2M | 200 | - |
| Woodgrain | 1954 | $750.0M | 2,200 | 52 |
| Custom Building Prod | 1964 | $350.0M | 1,200 | 29 |
| Hog Slat | 1969 | $190.0M | 600 | 14 |
| EP Henry | 1903 | $27.8M | 100 | - |
| Malarkey Roofing Products | - | $158.5M | 200 | - |
Mohawk Carpet history FAQs
Zippia gives an in-depth look into the details of Mohawk Carpet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Mohawk Carpet. The employee data is based on information from people who have self-reported their past or current employments at Mohawk Carpet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Mohawk Carpet. The data presented on this page does not represent the view of Mohawk Carpet and its employees or that of Zippia.
Mohawk Carpet may also be known as or be related to Mohawk Carpet and Mohawk Carpet LLC.