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Tarkett — M&A Activity 2015
Jul 23, 2015
1691_iss_2015-07-23_e24f547b-d19b-4e40-8942-e84ce7555821.pdf
M&A Activity
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Tarkett sells its property in Houston, Texas
Paris (France) – July 23, 2015
Texas Tile Manufacturing LLC, a subsidiary of Tarkett in North America, announces the sale of its property located in Houston, Texas on July 22, 2015.
The sale of this property concludes the transfer in 2014 of the VCT production line (Vinyl Composition Tiles) to a recently expanded Tarkett site in Alabama.
The transaction amounts to 40 million US dollars.
Following the growth of the city of Houston, this land is now located in a residential and commercial area. New development projects will replace this production site.
Commenting on the transaction, Glen Morrison, President of Tarkett North America, stated: "We are very pleased with the finalization of the sale of this land which generates USD 40 million of additional cash-flow for Tarkett."
About Tarkett
Tarkett is a global leader in innovative and sustainable solutions for flooring and sports surfaces. 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. With 12,000 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 sustainable development, the Group has implemented an eco-innovation strategy and promotes circular economy. Tarkett's net sales of 2.4 billion euros in 2014 are balanced between Europe, North America and the region comprising CIS countries, APAC & LATAM. Tarkett is listed on Euronext Paris (compartment A, ticker TKTT, ISIN: FR0004188670). www.tarkett.com
Investor Relations Contact
Tarkett - Jacques Bénétreau - [email protected] Tarkett - Alexandra Baubigeat Boucheron - [email protected]
Media Contact
Tarkett - Véronique Bouchard Bienaymé - [email protected] Brunswick - [email protected] - Tél.: +33 (0) 1 53 96 83 83