TARKETT ACQUIRES LEXMARK
Paul Cleary, ceo of Lexmark, will join Tarkett
The acquisition of U.S.-based Lexmark to Paris-based Tarkett’s North America division strategically positions the company to set up a strong hospitality business that offers both outlets’ products. Tarkett has also identified sales and supply chain synergies, which the company says will allow for a seamless integration and maximum performance.
“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,” says 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.”
Lexmark achieved about $120 million in sales last year, while Tarkett’s sales reached $3.2 billion. Paul Cleary, ceo of Lexmark, will join Tarkett as president of the hospitality business for North America.
Photo: Courtesy of Tarkett