Tarkett Raising Prices 5% on Higher Costs

Chagrin Falls, OH, Jan. 17, 2011 -- Tarkett said it will increase prices approximately 5% in residential and commercial flooring across the Tarkett, Johnsonite and Azrock brands.

“While there has been a slow awakening of the flooring category over the past year, there has also been significant cost developments in the chemical and polymer industries coupled with oil and energy cost increases,” said Tarkett North America CEO Jeff Buttitta.

“Efficiency improvements have helped to offset some of these costs, yet the increases have been too large to overcome without adjusting prices.”

The increase will take effect later in the first quarter.