Tarkett sells its property in Houston, Texas
Texas Tile Manufacturing LLC, a subsidiary of Tarkett in North America, announces the sale of its property located in Houston, Texas on July 22, 2015.
The sale of this property concludes the transfer in 2014 of the VCT production line (Vinyl Composition Tiles) to a recently expanded Tarkett site in Alabama.
The transaction amounts to 40 million US dollars.
Following the growth of the city of Houston, this land is now located in a residential and commercial area. New development projects will replace this production site.
Commenting on the transaction, Glen Morrison, President of Tarkett North America, stated: “We are very pleased with the finalization of the sale of this land which generates USD 40 million of additional cash-flow for Tarkett.”