Tarkett announces its acquisition of the leading French wood floor manufacturer, Parquets Marty
Tarkett, a worldwide leader in innovative flooring and sports surface solutions, announces its acquisition of the leading French wood floor manufacturer, Parquets Marty.
Today, the Agen commercial court approved Tarkett's acquisition of the assets in Parquets Marty.
This acquisition is part of the Group’s strategy to accelerate the development of its flooring business in Southern Europe, in particular its single strip planks.
Today, Tarkett is the leading flooring manufacturer in Europe, with 4 production sites and more than 6 million square meters produced per year.
The acquisition of Parquets Marty will give Tarkett a production site in Cuzorn in south western France and a range of wood floor products suited to Southern Europe (France, Italy, Spain, Portugal and the rest of the Mediterranean region) in addition to its current wide range of products and materials.
Through this acquisition, Tarkett is saving 130 jobs in France. The Group plans to invest €13 million in improving industrial facilities at the Cuzorn site, and will use its industrial and commercial experience to benefit
- in the commercial field: Parquets Marty will benefit from Tarkett’s sales network which will expand its distribution and promote its range of products,
- in the industrial arena, with the refurbishment of the Cuzorn site and the sharing of best industrial practices,
- lastly, in terms of innovation, by speeding up the updating of its product range.