Mohawk prepares to buy IVC for €1B

Dutch newspaper De Tijd, reported today that Mohawk is preparing to purchase the assets of IVC, debt included, from Filip Balcaen for one billion Euro.

According to its report, the sale price represents approximately 10 times the operating cash flow of IVC last year which amounted to about 100 million dollars. 

Mohawk has not commented on the potential acquisition.