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MOHAWK INDUSTRIES ANNOUNCES PUBLIC OFFERING

 ATLANTA, April 27 /PRNewswire/ -- Mohawk Industries, Inc. (NASDAQ-NMS: MOHK) announced today the public offering of 2 million shares of its common stock at $30.50 per share.
 Of the total number of shares, 1,500,000 are being sold by the company and 500,000 shares are being sold by certain selling stockholders. The company has granted the underwriters an option to purchase up to an additional 300,000 shares to cover over-allotments, if any.
 The First Boston Corporation, Kidder, Peabody & Co. Incorporated and Wheat First Butcher & Singer Capital Markets are the managers of the underwriting syndicate offering the stock to the public.
 Net proceeds to the company from the sale of stock will be used to finance the acquisition of American Rug Craftsmen, Inc., which is scheduled to close on Friday, April 30, and to reduce the indebtedness outstanding under a revolving line of credit. The company will not receive any of the proceeds from the sale of stock by the selling stockholders.
 Mohawk Industries, Inc. is a leading producer of woven and tufted broadloom carpet for residential and commercial markets. The company designs, manufactures and markets over 300 styles of carpets in a broad range of colors, textures, and patterns and is widely recognized through its six premier brand names, "Mohawk," "Alexander Smith," "Horizon," "Mohawk Commercial," "Harbinger," and "Helios," and markets it products primarily through specialty retailers and commercial dealers and to selected end users.
 -0- 4/27/93
 /CONTACT: John D. Swift, vice president-Finance of Mohawk Industries, 404-951-6000/
 (MOHK)


CO: Mohawk Industries, Inc. ST: Georgia IN: TEX SU: OFR

BR-XX -- AT002 -- 1168 04/27/93 09:04 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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