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UNITED STATES  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 21, 2003


MOHAWK INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other
Jurisdiction of
Incorporation)

01-19826
(Commission File
Number)

52-1604305
(IRS Employer
Identification No.)

 

 

 

160 South Industrial Blvd., Calhoun, Georgia 30701
(Address including zip code of principal executive offices)

(706) 629-7721
(Registrant's telephone number, including area code)

Item 5 . Other Events.

On July 21, 2003, Mohawk Industries, Inc. issued a press release announcing a proposal to acquire Lees Carpets. A copy of such press release is included as an exhibit to this report and is incorporated herein by reference under Item 5.

 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

C.    Exhibits

99.1 Press release dated July 21, 2003.

 

SIGNATURE


 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

                                                                                                Mohawk Industries, Inc.
                                                                                                        

                  Date: July 21, 2003                                          By: /s/ FRANK H BOYKIN

                                                                                                         Frank H. Boykin

                                                                                                VP & Corporate Controller

INDEX TO EXHIBITS

Exhibit

 

99.1.    Press release dated July 21, 2003

or Release:

Exhibit 99.1

 

For Release:                          Immediately

Contact:                                 John D. Swift, Chief Financial Officer

MOHAWK INDUSTRIES, INC. ANNOUNCES PROPOSAL
TO ACQUIRE LEES CARPET

Calhoun, Georgia, July 21, 2003 - Mohawk Industries, Inc. (NYSE:MHK) announced  it has entered an agreement with W. L. Ross & Company to acquire the assets and assume certain liabilities of the carpet division of Burlington Industries, Inc. (Lees Carpet).  Ross has entered a binding bid to Burlington to purchase certain assets and assume certain liabilities of Burlington in connection with its emergence from bankruptcy.  The bid includes a provision for Lees Carpet to be sold to Mohawk by Ross if it is successful in the auction process.  The auction is scheduled to be held on July 28, 2003, and a Bankruptcy Court Hearing to approve the auction is scheduled on July 31, 2003.  Should Ross be successful, the closing of Mohawk's purchase of Lees Carpet would be subject to customary regulatory approval and confirmation of Burlington's plan of reorganization by the bankruptcy court. 

Mohawk is a leading supplier of flooring for both residential and commercial applications and a producer of woven and tufted broadloom carpet, rugs and ceramic tile.  The Company designs, manufactures and markets premier carpet brand names, which include "Mohawk," "Aladdin," "Bigelow," "Custom Weave," "Durkan," "Galaxy," "Helios," "Horizon," "Karastan," "Mohawk Commercial," "World," and "Wunda Weve."  Mohawk offers a broad line of home products including rugs, throws, pillows and bedspreads under the brand names Aladdin, Goodwin Weavers, Karastan, Mohawk Home and Newmark.  Mohawk manufacturers and distributes ceramic tile and natural stone products under the brand names Dal-Tile, Mohawk and American Olean.   Mohawk also offers other products that include laminate, wood and vinyl flooring and carpet padding under the Mohawk brand name.