Tarkett Buys Brazilian Resilient Firm
Paris, France, March 3, 2009--Tarkett has reached an agreement with the Etex Group on the purchase of Fademac, a Brazilian Etex Group affiliate specializing in resilient floorcovering..
Fademac, the leading resilient flooring provider in Brazil, will become an active part of Tarkett’s strategy to develop the group’s commercial and residential activities in Brazil and South America.
The acquisition strengthens Tarkett’s international presence with an industrial base near Sao Paulo and a distribution network across Brazil. Fademac has a production facility manufacturing over 4 million square meters of vinyl flooring including VCT and heterogeneous used in healthcare, education, office, retail and transport projects throughout South America.
Fademac has been a distributor for Tarkett for the past five years, selling Tarkett commercial products manufactured in Europe.
“The acquisition of Fademac, Brazil’s leading resilient provider, strengthens Tarkett’s growth strategy in this region with a local manufacturing presence and distribution to South America,” said CEO Michel Giannuzzi.
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