Tarkett

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Tarkett

logo
legal form Société Anonyme
ISIN FR0004188670
founding 1997
Seat La Defense , FranceFranceFrance 
management
  • Fabrice Barthélemy ( CEO )
  • Raphaël Bauer ( CFO )
  • Eric La Bonnardière ( Chairman )
Number of employees 12,907
sales 2.84 billion euros (2018)
Branch Floor coverings
Website www.tarkett.com
As of December 31, 2018

Tarkett is a French flooring and sports flooring company with net sales of more than EUR 2.8 billion in 2018. With its product range, including vinyl flooring, PVC flooring, linoleum, carpet, parquet, laminate, artificial turf and running tracks for athletes, the group of companies supplies customers in more than 100 countries worldwide through its brands Tarkett, Desso, Johnsonite, Tandus Centiva, Tarkett Sports, FieldTurf and Beynon. Tarkett employs 13,000 people and has 36 industrial plants. The company sells 1.3 million square feet of flooring for hospitals, schools, homes, hotels, offices, shops and sports fields every day. Tarkett is listed on Euronext Paris and is represented in the SBF 120 and CAC Mid 60 indices.

The group’s operational business for Germany, Austria and Switzerland is managed by Tarkett Holding GmbH in Ludwigshafen. The company is based in Paris.

history

Summer allibert

In 1972, Allibert, a company founded in 1913 that had developed into plastic products for the automotive and housing industry, and Sommer, a company founded in 1880 that specialized in floor and wall coverings, were merged to form Sommer-Allibert. The then Allibert CEO Bernard Deconinck, who became the head of Sommer-Allibert, designed the merger.

The Nanterre-based company expanded over the next few years, primarily through the acquisition of smaller competitors. The group’s automotive business, although a core sales driver, was mainly concentrated in France. The floor and wall cladding business (especially PVC cladding) expanded through Europe, North America and Asia, including a joint venture with the American manufacturer Rubbermaid between 1989 and 1992. In 1989, Deconinck became head of a holding company (owned by the Deconinck family) with a significant stake in Sommer-Allibert and day-to-day management was transferred to Mark Assa.

In the 1990s, the company tried to strengthen its automotive sector by increasing its business volume with manufacturers such as Volkswagen, BMW, Ford, Nissan, Peugeot and Saab. In addition, auto parts manufacturing facilities in Europe and the United States were expanded.

Tarkett AG

Former factory of Tarkett AG in Luxembourg

Anders Martensson opened a wood processing facility for furniture in Malmö, Sweden, in 1885. In 1886 it became a company called Malmö Woodworking Factory (AB Malmö Snickerifabrik). In 1889 the investor RF Berg took control and introduced the production of wooden floors, especially parquet, and opened a second plant in Limhamn. Berg died in 1907 and was replaced by Ernst Wehtje. After various setbacks, Wehtje sold most of the company's small businesses and in the 1920s focused almost exclusively on the wood flooring industry and renamed it Limhamns Snickerifabrik. In 1925 the company was renamed Limhamns Golvindustri AB under the management of Hugo Wehtje. Production was relocated from Limhamn to Liljeholmen. In 1938 the company introduced the Lindemann board (a ready-to-use parquet board), which was larger and therefore cheaper to lay than the previous small boards. In the years that followed, the company acquired rivals in the Swedish market, entered the laminate flooring business, and launched a plastic wood flooring substitute known as Tarkett in 1946, which became a sales hit. Under the next leadership, Urban Wehtje, the company began to build up an international network and diversified its production of wood and plastic coverings for interior construction. In the 1960s the Wehtjes sold a significant portion of the company's shares and in 1967 it was listed on the Swedish Stock Exchange as Tarkett.

In 1970 Tarkett was taken over by Svenska Tändsticks AB (again by Stora in the 1980s) and in 1978 it was merged with carpet manufacturer Aneplas. The company continued its expansion in Europe and North America. In the late 1980s, then-CEO Lars Wisén decided to merge it with German rival Pegulan, and the headquarters were relocated from Sweden to Frankenthal, Germany. The new company that resulted from the merger was called Tarkett-Pegulan (later Tarkett AG) and Wisén became CEO of the combined business. In 1994 Stora sold the company to the investment firms CWB Capital Partners and Goldman Sachs Investment Bank.

Formerly Tarkett headquarters in Nanterre, France

Merger of Sommer-Allibert and Tarkett AG

At the end of the 1990s, Wisén met Assa and convinced him to transfer the interior trim department from Sommer-Allibert to Tarkett AG. In return, Wisén Sommer-Allibert would take control of at least 50% of the shares in Tarkett AG from the shareholders. The two parties agreed to the deal, which was announced in June 1997. In October of the same year, Sommer-Allibert secured over 60% of the shares in Tarkett AG (since then owned by Tarkett Sommer AG). The merger was listed on both the Paris (via Sommer-Allibert SA) and Frankfurt stock exchanges (via Tarkett AG). Wisén continued to run Tarkett Sommer AG-Sommer-Allibert's interior trim business from Germany, but was fired in 1998 and control was transferred to French headquarters. In 2000, Sommer-Allibert sold its automotive division and sold it to Faurecia. Faurecia also acquired the remaining listed shares in Sommer-Allibert, which was no longer listed. In April 2002, Tarkett-Sommer founded a joint venture called Takett-Sintelon with the Serbian manufacturer Sintelon.

In 2003 all divisions began using the Tarkett trade name. In 2004 the Tarkett Sports division formed an alliance with the Canadian artificial turf manufacturer FieldTurf before taking control of it in 2005. In 2006, Tarkett AG was completely taken over by Sommer-Allibert and also taken off the stock exchange. In 2007, the investment company KKR became joint owners with the Deconinck family. In 2008, Sommer-Allibert was renamed Tarkett SA. In 2013, the company was brought back on the stock exchange through an IPO, KKR sold 25% of its shares, while the Deconincks held over half of the shares. In 2015, the headquarters were moved from Nanterre to Tour Initiale in La Défense.

owner

According to the company, the main shareholder since 2016 has been Société Investissement Deconinck (50.2%). 49.2% of the shares are in free float and the rest are own shares.

Field of activity

Tarkett primarily produces flooring for residential, educational, healthcare, retail and hospitality facilities, and sports facilities. The company has 36 industrial sites and is present in over 100 countries. Brands used by Tarkett include Tarkett, Pegulan, Sommer, Febolit, Desso and others.

Certification

In June 2013, Fiberfloor products were certified as asthma and allergy friendly.

Tarkett has applied the Cradle to Cradle principles in the development and manufacture of its products since 2011. This process began for the Desso brand back in 2008. In addition to products with a Cradle to Cradle certificate, floor coverings from Tarkett have also been awarded the “Blue Angel” eco-label and the Austrian eco-label. Tarkett Holding GmbH itself is also FSC certified today, which is intended to guarantee a continuous chain of custody (product chain certification).

Web links

Individual evidence

  1. ↑ a b Annual Report 2018. In: www.tarkett.com. Retrieved October 15, 2019 .
  2. ^ Registration Document 2018. Tarkett, accessed October 15, 2019 .
  3. ↑ About Tarkett. Retrieved October 15, 2019 .
  4. ^ Tarkett, a world leader in flooring and sports surface solutions. Retrieved October 15, 2019 .
  5. ↑ a b History. Tarkett. Retrieved October 15, 2019 .
  6. ↑ a b c Derdak, Thomas; Grant, Tina (1998). "Summer Allibert SA". International Directory of Company Histories. 19. St. James Press. pp. 406-409. 2019, ISBN 1-55862-353-1 .
  7. ↑ a b Plastics - Summer Allibert's new face. Retrieved October 15, 2019 (French).
  8. ↑ a b c d e f Pederson, Jay P .; Whiteley, Laura E. (1999). "Tarkett Summer AG". International Directory of Company Histories. 25. St. James Press. pp. 462-464 . ISBN 1-55862-367-1 .
  9. ↑ a b c d Springer (Ed.): Arpi, B .; Wejke, Per (1999). "The Tarkett Case" . ISBN 978-0-333-79425-8 , pp. 343-356 .
  10. ↑ Plasteurope.com. February 28, 1994. Retrieved June 4, 2017. Retrieved October 15, 2019 .
  11. ↑ a b Sommer-Allibert, devenu Tarkett, vise la Bourse (in French). Le Figaro. Retrieved June 2, 2017. Retrieved October 15, 2019 .
  12. ^ B92.net (in Serbian). March 20, 2002. Retrieved January 25, 2018. Retrieved October 15, 2019 .
  13. ^ Breining, Becky: Athletic Facility Design. Retrieved June 3, 2017. Retrieved October 15, 2019 .
  14. ^ A b All Business, a D&B company. Retrieved September 19, 2005. Retrieved October 15, 2019 .
  15. ↑ Bolger, Andrew (November 11, 2013): Financial Times. Retrieved June 16, 2017. Retrieved October 15, 2019 .
  16. ↑ a b Tarkett. p. 5. Retrieved June 2, 2017. Retrieved October 15, 2019 .
  17. ^ Tarkett. March 4, 2015. Retrieved June 2, 2017. Retrieved October 15, 2019 .
  18. ^ Share capital and voting rights. Retrieved October 15, 2019 .
  19. ↑ a b Tarkett. Retrieved June 2, 2017. Retrieved October 15, 2019 .
  20. ^ Cradle to Cradle. www.c2ccertified.org, accessed October 15, 2019 .
  21. ^ Cradle to Cradle. Retrieved October 15, 2019 .
  22. ↑ www.blauer-engel.de. Retrieved October 15, 2019 .
  23. ↑ www.umweltzeichen.at. Retrieved October 15, 2019 .
  24. ↑ info.fsc.org. Retrieved October 15, 2019 .