MHK remains cautiously optimistic about industry growth this year despite inflation and interest rate pressures and has initiated multiple expansion projects, reduced spending and improved efficiencies to offset the woes. Mohawk Industries, Inc. MHK inked a deal with Grupo Industrial Saltillo (GIS) to buy its ceramic tile business, Vitromex, for approximately $293 million in cash. Post completion, the buyout will enhance MHK’s customer base, manufacturing efficiencies and logistical capabilities.