Mohawk Industries to buy Marazzi for $1.5 billion
Mohawk Industries Inc., which makes residential and commercial flooring, is buying Marazzi Group for about $1.5 billion to expand its ceramic tile business.
On the same day PotashCorp cut the ribbon on a $410-million expansion at its Lanigan mine in Saskatchewan, it also said it would invest US$1.6 billion to ramp up production to 18 million tonnes by the end of 2012.