Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
November/December 2014 November/December 2014

View Issue  |

Subscribe Now  |

Events

Beltwide Cotton Conferences
01/05/2015 - 01/07/2015

SURFACES 2015 International Flooring Event
01/21/2015 - 01/23/2015
02/24/2014 - 02/24/2014

ExpoProducción
02/04/2015 - 02/06/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Tandus Acquired By Tarkett Group

Floor covering designer and manufacturer Tandus Flooring Inc., Dalton, Ga., has been acquired by sustainable flooring and sports surfaces manufacturer Tarkett Group, France, for an undisclosed price.

Tandus's roots go back to 1803. In 1969, it became the first carpet maker in North America to produce modular carpet. In 1994, it became the first company in the industry to provide a closed-loop recycling program. It also has earned numerous design awards. With annual revenues totaling $340 million, the company currently has some 1,400 employees, five manufacturing sites in the United States and Canada and one in China; and serves commercial markets in North America and Asia.

Tandus is now a stand-alone entity within Tarkett's North American division, with its own manufacturing and business operations as well as distribution channels. Tandus President Glen Hussmann remains in charge of the business and foresees expansion opportunities for the carpet manufacturer.

"Tarkett is a true global company with sizeable exposure in high growth developing countries," Hussmann said. "This can provide Tandus a solid base for international expansion."

Tarkett reported 2011 revenues totaling 2.1 billion euros and approximately 9,200 workers in 100 countries, including in 32 manufacturing sites. The company is co-owned by the Deconinck family and private equity funds affiliated with Kohlberg Kravis Roberts & Co. LP. The acquisition of Tandus enables Tarkett's expansion into North American and Asia Pacific commercial carpet markets.

November/December 2012

Advertisement