Tarkett Completes Acquisition of Lexmark Carpet Mills
Tarkett recently announced that it has completed the acquisition of Lexmark Carpet Mills. Lexmark produces high-quality carpet, primarily for the North American hospitality market, and is well-recognised among leading hospitality chains. The company achieved approximately $120m in sales in 2017 and employs 460 people. Paul Cleary, CEO of Lexmark, will join Tarkett as president of the hospitality business for North America.
The addition of Lexmark to the North America division will enable 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.”