Tarkett Buys Flooring Firm
Wood flooring manufacturing company Parquets Marty has been bought out by Tarkett, a giant in the industry in France. Parquets Marty had been undergoing some difficulties in recent times thanks to the economic downturn, but Tarkett’s acquisition seems to have saved no less than 130 jobs at the company.
For its part, Tarkett says that the buying out of Parquets Marty is a part of their overall strategy to increase its flooring business in Southern Europe, particularly when it comes to single strip planks.
The Parquets Marty factory, which is located in Cuzorn in South West France, will benefit greatly from an investment from Tarkett, which will ultimately amount to no less than a total of 13 million Euros, with Tarkett intending to use their commercial and industrial experience in order to expand the distribution of the existing company, while simultaneously increasing the levels of production.
Tarkett also says that the solid and engineering wood range that is produced by Parquets Marty is particularly appropriate not only to Southern Europe but also to the wider Mediterranean region as well. Tarkett already has quite an extensive range of flooring to its name, including engineered wood flooring, which may or may not require the services of floor sanding companies from time to time. It has more than 30 production plants based all over the world, including in the United Kingdom, and has managed to generate no less than 1.9 billion Euros worth of sales in the last year alone.