Tarkett Completes Acquisition of Lexmark Carpet Mills

Paris, France -- Tarkett recently announced that it has completed the acquisition of Lexmark Carpet Mills. Lexmark produces high-quality carpet, primarily for the North American hospitality market, and is well-recognized among leading hospitality chains. The company achieved approximately $120 million in sales in 2017 and employs 460 people. Paul Cleary, CEO of Lexmark, will join Tarkett as president of the hospitality business for North America.

The addition of Lexmark to the North America division will enable Tarkett to establish a robust hospitality business that leverages both companies’ broad product portfolios, strategically positioning the company to better serve the complete needs of its hospitality customers. Tarkett has also identified sales and supply chain synergies, which will enable optimized performance and contribute to a seamless integration.