Godfrey Hirst owner Mohawk Industries looks to take Bremworth private

Godfrey Hirst owner Mohawk Industries looks to take Bremworth private
(Image: Supplied)
Riley Kennedy
Bremworth has struck a deal for the owner of its rival, Godfrey Hirst, to acquire it.The NZX-listed carpet and rug manufacturer has entered into a scheme implementation agreement with Mohawk Industries, through its premium hard flooring business Floorscape.Under the deal, shareholders could receive between $1.05 and $1.15 per share, subject to market conditions and business performance.Bremworth’s shares closed at 62c on Wednesday, giving it a market capitalisation of $43.7 million.In February, under its previous board, cha...

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