Tarkett strengthens its commercial and industrial footprint in China
Tarkett strengthens its commercial and industrial activities in China, through the following transactions:
- the acquisition of the 30% minority interest of Tarkett’s subsidiary dedicated to the commercialization and distribution of Tarkett products in China, which becomes a fully owned subsidiary,
- the acquisition of industrial assets for vinyl flooring production, located near Beijing which will be operational to produce Tarkett products during the 3rd quarter 2014.
By strengthening its industrial and logistic footprint, as well as its commercial network, Tarkett will benefit from a stronger competitive advantage to better serve local customers and seize growth opportunities in this region. This will enable Tarkett to better capitalize on the fast growing demand in China for high performance vinyl flooring solutions, in particular for the commercial segments of health and education.
The Tarkett Group was already operating in China selling its vinyl flooring solutions, and through the production and sales of Tandus carpet tiles.
“By strengthening its flooring industrial and commercial footprint in China, Tarkett improves its positions in this fast growing region. These investments in China will allow us to deliver improved service and added value flooring solutions to our local customers. It will also enhance our balanced and global footprint.” comments Michel Giannuzzi, CEO of Tarkett.