The Tarkett group’s leadership position in the flooring industry is the result of 140 years of experience, and builds on the talent, values and commitment of generations of entrepreneurs. Tarkett develops, manufactures and sells one of the broadest ranges of flooring products and addresses diversified commercial and residential end-markets, mainly focusing on renovation.
Tarkett
Tarkett, a world leader in flooring and sports surface solutions
CAPITAL HELD BY WENDEL
AMOUNT INVESTED BY WENDEL
YEAR OF ACQUISITION
Key figures
€3,358.9
m
2022 sales
€222
m
amount invested by Wendel since 2021(2)
c. 12,000
employees including 27% of women among managers and executives
17
%
of raw materials come from recycled materials
(2) Amount of equity invested by Wendel as of December 31, 2022, for the stake held at that date through Tarkett Participation.
Why did we invest in Tarkett ?
Wendel announced on April 23, 2021 that it had partnered with the Deconinck family to form Tarkett Participation to support Tarkett’s growth. The Deconinck family will maintain a controlling stake in
the company. Wendel is represented by an observer on Tarkett’s Board of Directors and has governance rights commensurate with the level of its minority shareholding.
On October 26, 2021, Tarkett Participation announced that it held, directly or indirectly, 90.41% of Tarkett’s share capital (compared with 86.27% following the close of the simplified tender offer on July 9, 2021). Minority shareholders of Tarkett now hold less than 10% of share capital and voting rights.
Tarkett Participation could contemplate a potential squeeze-out procedure, in accordance with the regulations, but this is not on the table at this time. Tarkett Participation is controlled by the Deconinck family.
Wendel has invested a total of €222 million for a total stake of 25.9% of Tarkett Participation’s capital, representing a 23.4% ownership of Tarkett.
Tarkett has many strategic assets:
- a leading position as the world’s 3rd largest flooring supplier worldwide (based on 2022 sales);
- balanced geographical exposure and diversified market segments;
- a product range among the widest in the flooring and sports surface industry;
- long-term relationships with customers;
- special long-term relationships with fitters and contractors;
- a “GloCal” positioning;
- an eco-innovation pioneer; and
- an international and experienced management team.
Key milestones of the investment
What is Tarkett’s ESG approch?
For over 140 years now, Tarkett commits every day to the design of great spaces. For Tarkett, this means putting people and planet first, caring about the environment and the health of present and future generations incorporated byTarkett Human-Conscious DesignTM approach.
It is Tarkett’s holistic way of doing business capable of marrying the specific expectations of each of its customers with the profound challenges of protecting our planet, reducing its carbon footprint and changing the game with circular economy. Working together with its partners, Tarkett delivers safer and healthier spaces in which people can reach their full potential.
Read Tarkett’s 2022 CSR report.
For more information, click here.
Tarkett NON-FINANCIAL RATINGS
A-
score obtained by CDP, “leadership” category (2022)
74/100
Gold Medal, in top 2% of its industry category, highest level of maturity in this rating a company can reach (2021)
Wendel’s role in corporate governance
Tarkett Participation
Board of Directors
Charles Goulet
Tarkett SA
Board of Directors
Charles Goulet (Observer)
Useful links
Useful links