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Tarkett completes the acquisition of Lexmark, reinforcing its presence in the North America hospitality segment

Tarkett completes the acquisition of Lexmark, reinforcing its presence in the North America hospitality segment

PARIS, FRANCE, October 1st, 2018 – Tarkett, a global leader in flooring and sports surface

solutions, announced today it has completed the acquisition of Lexmark Carpet Mills. Paul

Cleary, CEO of Lexmark, will join Tarkett as President of the Hospitality business for North


Lexmark produces high-quality carpet, primarily for the North American
hospitality market, and

is well-recognized among leading hospitality chains for its state-of-the-art
products and

services. The company achieved approximately $120m of sales in 2017, employs 460

and operates one plant in the U.S.

The addition of Lexmark to the North America division enables Tarkett to
establish a robust

hospitality business that leverages both companies’ broad product portfolios,

positioning the company to better serve the complete needs of its hospitality

Tarkett has also identified sales and supply chain synergies, which will enable

performance and contribute to a seamless integration.

“With the acquisition of Lexmark, Tarkett has reinforced its position in carpet
for hospitality in

North America and is now one of the three leaders in this segment,” said Fabrice

acting Chairman of Tarkett’s Management Board. “Additionally, this move enables
us to provide

a global flooring offering to key international accounts and strengthens our
expertise in this

segment. We are very pleased to welcome Paul Cleary and his team to the Tarkett

The acquisition will be immediately accretive to Group EBITDA margin up to
+50bps after

synergies on a full year basis. The transaction will be financed with an
existing credit facility.

On a pro-forma basis, Tarkett expects its leverage ratio to remain below 2.5x
Adjusted EBITDA

at the end of the year.

About Tarkett

With net sales of more than €2.8 billion in 2017, Tarkett is a worldwide leader
of innovative flooring and sports

surface solutions. Offering a wide range of products including vinyl, linoleum,
carpet, rubber, wood, laminate,

synthetic turf and athletic tracks, the Group serves customers in more than 100
countries worldwide through its

major brands: Tarkett, Desso, Johnsonite, Tandus Centiva, Tarkett Sports,
FieldTurf and Beynon. With

approximately 13,000 employees and 34 industrial sites, Tarkett sells 1.3
million square meters of flooring every

day, for hospitals, schools, housing, hotels, offices, stores and sports fields.
Committed to “Doing Good. Together”,

the Group has implemented an eco-innovation strategy based on Cradle to Cradle®
principles and promotes

circular economy, with the ultimate goal of contributing to people’s health and
wellbeing, and preserving the natural

capital. Tarkett is listed on Euronext Paris (compartment A, ISIN: FR0004188670,
ticker TKTT) and is included in

the following indices: SBF 120, CAC Mid 60.

Virginia FloorCrafters does not carry every style of product. Check with us first about a particular product or to see if your product choice is available for special order.

Tarkett Resilient Flooring

Welcome to everyday. That wonderful series of day-to-day moments strung together where real life happens. And they can sometimes be kind of messy. Like crafty-pasty-paper mache day. And dining-room-hockey-practice day. And let’s-make-a-tent-in-the-living-room day. It’s for those very real reasons that we created Tarkett® Vinyl Sheet Flooring that wears not tears. That cleans up easily. That stands up to everyday life and looks good doing it. Real floors for real life.

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