Tarkett completes the acquisition of Lexmark, reinforcing its presence in the North America hospitality segment
PARIS, FRANCE, October 1st, 2018 – Tarkett, a global leader in flooring and sports surface
solutions, announced today it has completed the acquisition of Lexmark Carpet Mills. Paul
Cleary, CEO of Lexmark, will join Tarkett as President of the Hospitality business for North
Lexmark produces high-quality carpet, primarily for the North American hospitality market, and
is well-recognized among leading hospitality chains for its state-of-the-art products and
services. The company achieved approximately $120m of sales in 2017, employs 460 people
and operates one plant in the U.S.
The addition of Lexmark to the North America division enables Tarkett to establish a robust
hospitality business that leverages both companies’ broad product portfolios, strategically
positioning the company to better serve the complete needs of its hospitality customers.
Tarkett has also identified sales and supply chain synergies, which will enable optimized
performance and contribute to a seamless integration.
“With the acquisition of Lexmark, Tarkett has reinforced its position in carpet for hospitality in
North America and is now one of the three leaders in this segment,” said Fabrice Barthélemy,
acting Chairman of Tarkett’s Management Board. “Additionally, this move enables us to provide
a global flooring offering to key international accounts and strengthens our expertise in this
segment. We are very pleased to welcome Paul Cleary and his team to the Tarkett family.”
The acquisition will be immediately accretive to Group EBITDA margin up to +50bps after
synergies on a full year basis. The transaction will be financed with an existing credit facility.
On a pro-forma basis, Tarkett expects its leverage ratio to remain below 2.5x Adjusted EBITDA
at the end of the year.
With net sales of more than €2.8 billion in 2017, Tarkett is a worldwide leader of innovative flooring and sports
surface solutions. Offering a wide range of products including vinyl, linoleum, carpet, rubber, wood, laminate,
synthetic turf and athletic tracks, the Group serves customers in more than 100 countries worldwide through its
major brands: Tarkett, Desso, Johnsonite, Tandus Centiva, Tarkett Sports, FieldTurf and Beynon. With
approximately 13,000 employees and 34 industrial sites, Tarkett sells 1.3 million square meters of flooring every
day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to “Doing Good. Together”,
the Group has implemented an eco-innovation strategy based on Cradle to Cradle® principles and promotes
circular economy, with the ultimate goal of contributing to people’s health and wellbeing, and preserving the natural
capital. Tarkett is listed on Euronext Paris (compartment A, ISIN: FR0004188670, ticker TKTT) and is included in
the following indices: SBF 120, CAC Mid 60. www.tarkett.com.
Tarkett Resilient Flooring
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