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Tarkett — M&A Activity 2014
Apr 30, 2014
1691_iss_2014-04-30_deebf909-e93d-491d-a1bb-62ac1967a907.pdf
M&A Activity
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Tarkett acquires the Polish company Gamrat, strengthening its vinyl flooring activities in Central Europe
Paris-Nanterre, April 30th, 2014
Tarkett, a global leader in flooring and sports surfaces solutions, announces today the closing of the acquisition of 100% of Gamrat Flooring, a Poland-based company, specialized in high performance vinyl flooring mainly for professional applications.
Thanks to this acquisition, Tarkett strengthens its activities in the added-value and growing segments, such as healthcare, aged care and education, predominantly in countries across Central Europe and especially in Poland where Gamrat Flooring already holds recognized positions. Based on Gamrat's manufacturing footprint and expertise in Poland, Tarkett will also increase its vinyl production capacity, as well as reinforce its competitiveness.
Gamrat Flooring (Gamrat Wykladziny Sp. Zo.o) has generated profitable growth over the past three years and operates a highly performing flooring plant in Jaslo (Southeastern Poland). In 2013, this flooring activity, at that time part of Gamrat S.A., had net sales of approximately 20 million euros and employed about 220 people. The transaction includes the production as well as the distribution activities of the existing product ranges.
"This bolt-on acquisition is aligned with Tarkett's external growth strategy, in particular by consolidating the very fragmented flooring market. It will strengthen Tarkett's leadership in manufacturing and selling high performance vinyl flooring in Central Europe. The customers will benefit from Tarkett's advanced technology combined with Gamrat Flooring's excellent service and recognized offering." explains Michel Giannuzzi, CEO of Tarkett.
About Tarkett
Tarkett is a global leader in innovative and sustainable solutions for flooring and sports surfaces. With a wide range of products including vinyl, linoleum, carpet, rubber, wood & laminate, synthetic turf and athletics track, the Group serves customers in more than 100 countries worldwide. With 11,000 employees and 30 production sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to sustainable development, the Group has implemented an eco-innovation strategy and promotes circular economy. Tarkett net sales of 2.5 billion euros in 2013 are balanced between Europe, North America and new economies. Tarkett is listed on Euronext Paris (compartment A, ticker TKTT, ISIN: FR0004188670) and is included in the following indices: SBF 120, CAC Mid 60, CAC Mid & Small, CAC All-Tradable. www.tarkett.com
About Gamrat
GAMRAT S.A. is a manufacturer of construction materials made of PVC and polyethylene, designed mainly for the needs of construction of public infrastructure and utility buildings. Gamrat S.A., headquartered at Jaslo, is a subsidiary Lentex S.A., a Poland based flooring company listed on Warsaw stock exchange. Gamrat S.A. owns 100% of Gamrat Wykladziny Sp. Zo.o, which produces and distributed homogeneous and heterogeneous floorings, wall covering and foils dedicated to the Commercial segment.
Investor Relations contact
Tarkett - Jacques Bénétreau - [email protected]
Media Contact
Brunswick – [email protected] - Tel.: +33 (0) 1 53 96 83 83 Tarkett - Véronique Bouchard Bienaymé – [email protected]