Posted on

Tandus expands portfolio via Tandus purchase

Hicksville, N.Y.—Tarkett has acquired Tandus Flooring. The move allows Tarkett to expand into the commercial carpet business in North America and Asia Pacific, and enhances each company’s ability to provide their customers a broader range of products and services. The transaction closed Sept. 28.

“This acquisition is aligned with our mission to enhance our customers’ return on investment and quality of life, now offering complementary solutions in both hard and soft surfaces,” said Michel Giannuzzi, Tarkett Group CEO. “Thanks to this strategic move, we will reinforce our position as a global leading flooring provider, extending our activities in the commercial carpet market in North America while further developing our footprint in the fast growing Asian markets. Leveraging the combined strength of Tandus and Tarkett, we will continue to grow faster than the market.” Continue reading Tandus expands portfolio via Tandus purchase

Posted on

Tarkett announces price increase

Chagrill falls, Ohio — Tarkett announces a price increase of 3 to 8% across its residential and commercial brands.

“The persistent escalation in prices of raw materials has outpaced internal efficiency improvements that typically help offset cost volatility,” stated Jeff Buttitta, President and CEO of Tarkett North America. “Though cost-saving efforts remain a constant, these sustained increases necessitate price adjustments.”

Continue reading Tarkett announces price increase