Tarkett AG
TARKETT ANNOUNCES THE ACQUISITION OF JOHNSONITE(R)
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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TARKETT ANNOUNCES THE ACQUISITION OF JOHNSONITE(R)
CLEVELAND (December 8, 2005) – In a move that strengthens their position in
the commercial flooring category, Tarkett announced the acquisition of
Johnsonite of Chagrin Falls, OH, the leading brand in specialty flooring and
flooring accessories. Johnsonite will continue to be directed by the current
management team. Other terms of the agreement were not released.
According to Marc Assa, Chief Executive Officer of Tarkett AG, the acquisition
of Johnsonite is the continuation of Tarkett’s global growth strategy and
represents its third major acquisition in 2005 in its quest to provide
flooring solutions for each segment of the worldwide market.
Assa added, “Johnsonite is one of the most respected companies in the flooring
industry in America. We expect to build on this brand strength by marketing
suitable Tarkett high performance commercial solutions under the Johnsonite
name.”
With this acquisition, Tarkett gains additional insight into the commercial
interiors market in North America and the force of a leading brand while
Johnsonite secures access to an extensive worldwide product portfolio of high
performance specialty flooring solutions as well as Tarkett’s global sales,
marketing and logistics networks.
Jeff Buttitta, President and Chief Executive Officer of Johnsonite added :
“This strategic relationship will raise the opportunity to bring greater value
to our end users and market channel partners such as the design community,
flooring service providers and Johnsonite’s strong distribution network.”
“At Johnsonite, it has always been our mission to create value and measurable
lifetime economic return for the end-user.” stated Buttitta. “Our new
relationship with Tarkett will allow us to create additional customer value
through broadening our system capabilities for such key market segments as
healthcare, education and corporate.”
Buttitta emphasized that Johnsonite will continue to focus on the specialty
flooring and accessory categories within the commercial market and added that
in the coming months Johnsonite will be exploring the global portfolio of
Tarkett innovations for commercial solutions that fit Johnsonite’s position of
enhancing high performance environments through productivity and life safety.
Tarkett’s Commercial Tile business will continue to be distributed by the
current Azrock and Expressions network in North America. The organization led
by Gilles de Beaumont will continue to operate from its base in Houston, TX.
Johnsonite, based in Chagrin Falls, Ohio, is the leader in specialty flooring
solutions that integrate design, function and life-safety. With sales in
excess of 120 million US$, sales, manufacturing operations and product
distribution facilities are located throughout North America. For more
information on Johnsonite products and systems, call (800) 899-8916 in the
United States and (800) 661-2162 in Canada or visit Johnsonite at
http://www.johnsonite.com.
The parent company of Tarkett was founded over 130 years ago and is now the
largest resilient manufacturer in the world with over 28 production centers,
sales of about 1.6 billion EUR (1.9 billion US$) in more than 100 countries
and over 7000 employees. Its comprehensive product lines are known throughout
the industry for innovation, excellent design and high quality. The
corporation’s core businesses are segmented into two divisions, commercial and
residential. The core products include resilient flooring, including
linoleum, wood, and laminate floor products for residential and commercial
applications. In North America the commercial products are marketed under the
brand names Tarkett(R), Azrock(R), by Tarkett, and Expressions(TM) by
Tarkett. For further information visit Tarkett at http://www.tarkett.com
Jeff Krejsa Harald Schueren
Johnsonite Tarkett AG
+ 1 800/899-8916 +49-6233-81 1450
jkrejsa@johnsonite.com harald.schueren@tarkett.com
Tarkett AG
Nachtweideweg 1 – 7
67227 Frankenthal
Deutschland
ISIN: DE0007002008
WKN: 700200
Listed: Amtlicher Markt in Frankfurt (General Standard); Geregelter Markt in
Berlin-Bremen; Freiverkehr in Düsseldorf, Hamburg, Hannover, Stuttgart
End of ad hoc announcement (c)DGAP 08.12.2005
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