Wendel to acquire a 30% stake in Tarkett for $2.53bn.

Wendel, a Europe's listed investment firm, agreed to acquire a 30% stake in Tarkett, a global firm in innovative flooring and sports surface solutions, for $2.53bn. The Deconinck family will maintain a controlling stake in the company. “Tarkett is a prime example of entrepreneurship, and we are pleased to support the company over the long term, alongside members of the family. The transaction illustrates the Wendel team’s ability to identify investment opportunities that fit our long-term investor profile,” André François-Poncet, Wendel Group CEO.