Tarkett to purchase Johnsonite; will retain name, management
"Johnsonite is one of the most respected companies in the flooring industry in America," said Marc Assa, CEO of Tarkett AG. "We expect to build on this brand strength by marketing suitable Tarkett high-performance commercial solutions under the Johnsonite name."
With the acquisition, Tarkett gains additional leverage in the commercial interiors market in North America and gains immediate access to Johnsonite's extensive product portfolio. Additionally, the move aims to give Johnsonite greater presence in several market segments.