Tarkett Seeks Full Ownership of Sintelon AD

Chagrin Falls, OH, June 1, 2009--Tarkett has launched an offer to acquire in full its subsidiary Sintelon AD, listed on the Belgrade Stock Exchange.

Since 2002, Sintelton, based in Backa Palanka, Serbia, has been the holding company for Tarkett’s activities in Eastern Europe with subsidiary companies in Serbia, Russia and Ukraine.

Tarkett, which currently holds 64.3% of Sintelon shares, aims to reach 100% ownership of Sintelon. The transaction, estimated at $165 million will be financed through existing lines of credit.

“The region offers strong growth potential through future renovation of its large private housing stock,” said Tarkett Group CEO Michel Gianuzzi.