Tarkett to purchase Johnsonite; will retain name, management

Commercial flooring giant Tarkett has agreed to acquire Johnsonite, a manufacturer based in Chagrin Falls, Ohio, that is best known for its specialty rubber floors and wall bases. The deal stands to significantly extend Tarkett's distribution and visibility while aligning Johnsonite with one of the world's largest flooring suppliers. Johnsonite will retain its brand identity and its current management team.

"Johnsonite is one of the most respected companies in the flooring industry in America," said Marc Assa, CEO of Tarkett AG. "We expect to build on this brand strength by marketing suitable Tarkett high-performance commercial solutions under the Johnsonite name."