# COFECE approves Mohawk Industries' acquisition of Vitromex

Mexico's Federal Economic Competition Commission (COFECE) approved the acquisition of Manufacturas Vitromex by Mohawk Industries on February 16, 2023. Both companies are manufacturers of ceramic and porcelain coatings.

- Type: Acquisition
- Announced: 2023-02-16
- Where: Mexico
- Value: $299.0M
- Status: completed
- Products: ceramic and porcelain coatings
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [GIS AG](https://endata.com/companies/32845.md)
- [Grupo Industrial Saltillo](https://endata.com/companies/8204.md) (partner)
- [Mohawk Industries](https://endata.com/companies/21740.md) (acquirer)
- [Manufacturas Vitromex, S.A. de C.V.](https://endata.com/companies/63276.md) (target)
- [Vitromex](https://endata.com/companies/63286.md) (target)
- [Manufacturas Vitromex](https://endata.com/companies/68634.md) (target)

## Sources

- [basham.com.mx](https://basham.com.mx/en/cofece-has-authorized-the-acquisition-of-vitromex-by-mohawk-industries/), 2023-02-18: "With the acquisition of Vitromex, Mohawk complements its portfolio and strengthens its presence in the Mexican market."
- [promexicoindustry.com](https://www.promexicoindustry.com/en/article/gis-sells-vitromex-to-mohawk-industries-for-299-million), 2023-03-06: "GIS finalized the sale of Vitromex, its ceramic tile business, to the company Mohawk Industries, Inc."
- [basham.com.mx](https://basham.com.mx/en/basham-advisor-to-mmohawk-industries-on-the-acquisition-of-vitromex/), 2023-03-10: "It is an honor that Mohawk has placed its trust in us to be part of this important operation that consolidates its position as a leader in the ceramic tile market."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.