Tarkett has completed the acquisition of Desso, one of the European leaders in commercial carpets
Tarkett, a global leader in flooring and sports surfaces solutions, announced on October 30, 2014 its intention to acquire 100% of Desso, a leading commercial carpets and sport fields company in Europe. Today, the company is pleased to confirm that the acquisition has been completed after approval by the relevant antitrust authority.
“Through the acquisition of Desso, we strengthen our product portfolio in adding high-end carpets and carpet tiles for our European clients. This operation enables us to reinforce our geographical presence in EMEA and allows Tarkett to provide commercial carpet solutions to all customers worldwide, leveraging on the successful acquisition of Tandus in North America in 2012. Desso is a recognized brand for high quality and innovative products and is strongly committed to sustainability. We are very pleased that as of today Desso is part of Tarkett, and we warmly welcome all employees joining our Group”, said Michel Giannuzzi, CEO of Tarkett.
Desso, a well-established brand, produces high-end and innovative carpet flooring, mainly for commercial applications (offices, education, hospitality, marine and aviation segments), and is present in the consumer carpet segment in Europe. The company also serves the sports market with artificial turf and a unique reinforced natural grass system (GrassMaster®).
Headquartered in the Netherlands, Desso achieved 202 million euros of sales in 2013, employs approximately 820 people and operates three plants in Europe.