Tarkett Acquires Tandus Group

Chagrin Falls, OH, Sept. 26, 2012 -- Tarkett said it has acquired commercial carpet maker Tandus Group Inc.

The move allows Tarkett to expand into the commercial carpet business in North America and Asia Pacific, and enhances each company’s ability to provide their customers a broader range of products and services.

The transaction will close on Sept. 28. Terms were not disclosed.

“This acquisition is aligned with our mission to enhance our customers’ return on investment and quality of life, now offering complementary solutions in both hard and soft surfaces” said Michel Giannuzzi, Tarkett Group CEO in a press release.

“Thanks to this strategic move, we will reinforce our position as a global leading flooring provider, extending our activities in the commercial carpet market in North America while further developing our footprint in the fast growing Asian markets. Leveraging the combined strength of Tandus and Tarkett, we will continue to grow faster than the market”. 

With annual sales of $340 million and 1,400 employees, Tandus Flooring serves architects, designers, end-users and service providers in the specified commercial markets in North America and Asia.

Tandus has five production sites in the U.S. and Canada and one site in China to serve the Asian markets.

Tandus produces a unique product line that includes hybrid resilient, modular carpet, and higher-end broadloom and woven products.

The group has earned a reputation as an innovator through product advances such as Powerbond, the industry’s first hybrid resilient sheet.

Tandus is equally viewed as a design leader, winning eight Best of Neocon Awards over the past five years including a 2012 Gold for its Needle Tech broadloom collection.  It has also launched the industry’s first closed-loop recycling program.

Tandus will continue to operate as a separate entity within Tarkett’s North American division, maintaining current manufacturing, business operations and routes to market.  President Glen Hussmann will continue to manage the business.

“This can provide Tandus a solid base for international expansion," Hussman said.

Jeff Buttitta, President of Tarkett North America says the growth opportunities the acquisition creates are significant.

“End users and specifiers are searching for strong partners who understand the extraordinary demands placed on projects and who have the capabilities to deliver full solutions that incorporate a wide array of products and services.  Together, Tarkett and Tandus will reach $1 billion of total sales in North America. We will now offer a broad commercial portfolio of soft and hard surfaces, have a deep and experienced field organization and hold strong positions in the education, corporate and healthcare segments. In the future, we will leverage our combined resources for accelerated product innovation, integrated design activities and joint sustainability initiatives that will provide our customers with greater choice in products and services with worldwide capabilities.”



Other Archived Articles

Home Price Increases Continue To Moderate   Full Article
Washington, DC, Aug. 12, 2014 -- Home-price growth continued to moderate in many metropolitan areas in the second quarter, according to the National Association of Realtors.

Domotex Turkey 2015 Set for May   Full Article
Hannover, Germany, Aug. 12, 2014 -- The dates for Domotex Turkey 2015 are May 25-28 at the Turkish carpet trading capital, Gaziantep.

Job Openings Edge Higher in June   Full Article
Washington, DC, Aug. 12, 2014 -- Job openings increased to 4.67 million in June, according to the latest Job Openings and Labor Turnover Summary from the Bureau of Labor Statistics.

Ceramic Tile Standards Subject of Gathering in SC   Full Article
Clemson, SC, Aug. 12, 2014 -- International trade and standards for ceramic tile were the focus of discussions as delegates from 15 countries met in Clemson to develop new standards.

Propex Marks 50th Anniversary of Polybac   Full Article
Hazlehurst, GA, Aug. 11, 2014 -- Propex recently celebrated a significant milestone for the carpet industry at its Hazlehurst manufacturing facility.

Realtors Applaud FICO Calculation Changes   Full Article
Washington, DC, Aug. 11, 2014 -- The National Association of Realtors said it supports the decision of Fair Issac to make some changes related to how it calculates FICO credit scores.

CRI's Seal of Approval Certifies Several Products   Full Article
Dalton, GA, Aug. 11, 2014 -- The Carpet and Rug Institute's Seal of Approval testing and certification program for carpet cleaning supplies and equipment has certified several products.

Wholesale Inventories Rise in June   Full Article
Washington, DC, Aug. 8, 2014 -- Wholesale inventories rose 0.3% in June, the same as the previous month, according to the Commerce Department.

Retail Credit May Come Easier for Many Borrowers   Full Article
New York, NY, Aug. 8, 2014 -- Obtaining retail credit could come easier for millions of Americans following a change in how the most widely used credit score is calculated

Carpet One Members Hear Two Famous Speakers   Full Article
Grapevine, TX, Aug. 8, 2014 -- Carpet One Floor & Home members gathered this week to network with their fellow store members and receive updates on new products and programs.

Mats Inc. Flooring a Finalist in USGBC Program   Full Article
Stoughton, MA, Aug. 8, 2014 -- Purline flooring by Mats Inc. has been named a finalist in the U.S. Green Building Council’s Best of Building Awards 2014 in two categories.

More Markets Returning to Normal in Housing   Full Article
Washington, DC, Aug. 7, 2014 -- Markets in 56 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the second quarter.

Builder Confidence Grows in Senior Housing   Full Article
Washington, DC, Aug. 7, 2014 -- Builder confidence in the single-family senior housing market for the second quarter is up year over year, according to the National Association of Home Builders.

Initial Jobless Claims Fall Last Week   Full Article
Washington, DC, Aug. 7, 2014 -- Initial claims for unemployment benefits fell by 14,000 to 289,000 in the week ending Aug. 2, according to the Labor Department.

Investment Firm Takes Significant Stake in Armstrong   Full Article
New York, NY, Aug. 7, 2014 -- San Francisco investment firm ValueAct Capital now owns 16.8% of Armstrong World Industries' common stock.

Surya Breaks Ground on Cartersville Headquarters   Full Article
Cartersville, GA, Aug. 7, 2014 -- Rug company Surya held a groundbreaking ceremony for its $33.5 million, 1-million-square-foot warehouse and headquarters facility in Cartersville.

DFS Green Appoints VP of Business Development   Full Article
Millbrae, CA, Aug. 7, 2014 -- DFS Green, Inc. has named Matthew Tylman vice president of business development in the company’s Phoenix office.

Barclay's Reiterates 'Overweight' Rating on Mohawk   Full Article
New York, NY, Aug. 6, 2014 -- Barclays has reissued an overweight rating on shares of Mohawk Industries.

Small Increases in Price Hurt New Home Market   Full Article
Washington, DC, Aug. 6, 2014 -- Each $1,000 increase in the cost of a new median-priced home price forces 206,000 prospective buyers out of the marketplace, according to a new study by the National Association of Home Builders.

Leonardo Academy Moves to New Office   Full Article
Madison, WI, August 6, 2014 -- Leonardo Academy's Madison, Wisconsin office has moved to a new location at 8401 Excelsior Drive.