# Mohawk Industries to acquire Vitromex from GIS for $293 million

Grupo Industrial Saltillo (GIS) has reached a definitive agreement to sell its Vitromex Ceramic Tiles Business to Mohawk Industries for $293 million. The transaction is expected to close in the second half of 2022.

- Type: Acquisition
- Announced: 2024-10-01
- Where: Mexico, Mexico
- Value: $293.0M
- Status: announced
- Products: ceramic tiles, porcelain tiles, mosaics, decorative tiles
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Grupo Industrial Saltillo](https://endata.com/companies/8204.md) (partner)
- [Mohawk Industries](https://endata.com/companies/21740.md) (acquirer)
- [Vitromex](https://endata.com/companies/63286.md) (target)

## Sources

- [sealeassociates.com](https://www.sealeassociates.com/experience/transactions/gis-sold-vitromex-ceramic-tiles-to-mohawk-industries), 2024-10-01: "For Vitromex, this transaction will represent an opportunity to join one of the main players in the ceramic tiles industry worldwide."

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