Tarkett, through its Beynon subsidiary, is acquiring Renner Sports Surfaces, an expert in tracks and tennis courts in North America.
Paris-Nanterre (France), October 28, 2014
Beynon Sports Surfaces, Inc. (Beynon), the Tarkett Sports business focused on high performance running tracks, announces today the agreement to acquire Renner Sports Surfaces (Renner), a leading tracks and tennis court company in the Mountain States of the United States. Headquartered in Denver (Colorado), Renner enhances Beynon's product portfolio, extends its geographical coverage, and strengthens its North American leadership position. Owned by its founder and management, Renner realized approximately 12 million US dollars of sales in 2013. Closing of the transaction is expected at the end of October.
Renner has developed unique and innovative solutions for the construction and renovation of tracks and tennis courts, including the use of Post-Tension Concrete technology (PTC) for complex sport surface applications.
"Renner fits perfectly with Beynon. It expands our reach in the Mountain States, extends our expertise to post-tension concrete and tennis court solutions, and reinforces our competitive advantage when promoting full-site construction," said Drew Beynon, Chief Operating Officer of Beynon.
"Renner is proud to join Beynon combining our surfaces joint expertise to deliver high quality sports surfaces for our customers and athletes" commented Greg McKenna, President of Renner.
"The Renner name is synonymous with quality and service. This acquisition broadens the boundaries of Tarkett Sports and fits with our strategy to expand the sports surfacing solutions offered to our customers in North America and around the world." explained Eric Daliere, President of Tarkett Sports.
About Tarkett Sports
Tarkett Sports offers a comprehensive portfolio of sports flooring solutions: FieldTurf artificial turf for baseball, American football, soccer, rugby and golf; Beynon running tracks for outdoor and indoor surfaces; synthetic and hardwood flooring for basketball; floor protection and covering systems for gymnasium and weight room, for volleyball, squash and racquetball courts.
About Tarkett
Tarkett is a global leader in innovative and sustainable solutions for flooring and sports surfaces. With a wide range of products including vinyl, linoleum, carpet, rubber, wood & laminate, synthetic turf and athletic tracks, the Group serves customers in more than 100 countries worldwide. With 11,000 employees and 32 production sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to sustainable development, the Group has implemented an eco-innovation strategy and promotes circular economy. Tarkett net sales of 2.5 billion euros in 2013 are balanced between Europe, North America and new economies. Tarkett is listed on Euronext Paris (compartment A, ticker TKTT, ISIN: FR0004188670) and is included in the following indices: SBF 120, CAC Mid 60, CAC Mid & Small, CAC All-Tradable www.tarkett.com .
Investor Relations Contact
Tarkett - Jacques Bénétreau - jacques.benetreau@tarkett.com
Tarkett - Alexandra Baubigeat Boucheron - alexandra.baubigeatboucheron@tarkett.com
Tarkett Media Contact
Tarkett Group - Véronique Bouchard Bienaymé - communication@tarkett.com
Brunswick - tarkett@brunswickgroup.com - Tel. : +33 (0) 1 53 96 83 83
Beynon Contact
Drew Beynon - DBeynon@beynonsports.com
