Paris, France -- Tarkett has signed an agreement to acquire 100% of Lexmark Carpet Mills. Lexmark produces high-quality carpet, primarily for the North American hospitality segment, and is a well-recognized brand among leading hospitality chains. In recent years, the company has extended its product range to also address the residential market. Headquartered in Dalton, Ga., Lexmark achieved around $120 million of sales in 2017 and employs 460 people.

“The acquisition of Lexmark will position Tarkett as one of the leaders in the hospitality segment for carpets in North America,” said Glen Morrison, CEO of Tarkett. “We will be able to further strengthen Lexmark’s offering in this segment as they will have access to Tarkett’s broader product portfolio. We will also leverage Tarkett’s global presence to enhance Lexmark’s positioning with key accounts worldwide.”

Paul Cleary, CEO of Lexmark, added, “We are very excited to join Tarkett with whom we share the same vision and entrepreneurial values, as well as a strong commitment to servicing customers with solutions designed to meet a wide range of needs. Within the Tarkett group, we will be able to offer a larger choice of products to our customers and partners and provide an even stronger offering.”

The transaction is expected to be concluded before the end of this year, subject to regulatory approval and other customary closing conditions.

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