Calhoun-based flooring giant Mohawk Industries Inc. has announced an agreement to acquire Sweden-based laminate flooring manufacturer Pergo for $150 million in cash.

The deal is expected to close in the first quarter of 2013, according to a Mohawk news release announcing the deal Oct. 29.

Since 2007, Pergo has been a subsidiary of DusseldorfGermany-based Pfleiderer AG, which is exiting the North American market with the sale of Pergo.

Pergo has factories in GarnerN.C.Canada and Sweden. It sells laminate flooring mostly in the United States, Europe and Asia, with a strong customer base in the do-it-yourself channel.

That was a major attraction for Mohawk, which is using the acquisition partially to expand the patent portfolio of Unilin, its own laminate flooring and engineered-wood products unit, said Jeffrey Lorberbaum, Mohawk’s chairman and CEO, said in the release.

As managing editor of Global Atlanta, Trevor has spent 15+ years reporting on Atlanta’s ties with the world. An avid traveler, he has undertaken trips to 30+ countries to uncover stories on the perils...