Tarkett completed the acquisition of Lexmark from HIG Capital.

Tarkett, a provider of flooring and sports surfaces solutions, completed the acquisition of Lexmark from HIG Capital. Financial terms were not disclosed. The addition of Lexmark to the North America division enables Tarkett to establish a robust hospitality business that leverages both companies’ broad product portfolios, strategically positioning the company to better serve the complete needs of its hospitality customers. Tarkett has also identified sales and supply chain synergies, which will enable optimized 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. 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 family," Fabrice Barthelemy, Tarkett Management Board Chairman.