Tarkett d.o.o.

Tarkett d.o.o., formally Tarkett d.o.o. Bačka Palanka, is a Serbian flooring manufacturer owned by the French flooring group Tarkett. The company is headquartered in Bačka Palanka, Serbia, and manufactures several major categories of floor coverings, including laminate, vinyl, linoleum, and other flooring products. Its portfolio serves both household customers and professional applications, including sports environments. The business was established on 26 April 2002 as Tarkett-Sintelon, a joint venture formed after an agreement between the Swedish-French Tarkett Sommer venture and the Serbian company Sintelon. The arrangement connected Tarkett’s international flooring business with an established Serbian manufacturing operation. The company expanded its production capacity during the following decade. In November 2005, it opened a new flooring factory with an investment reported at €15 million. In 2007, it committed a further €10 million to a new plant intended to double production capacity from 2008. Tarkett progressively increased its ownership. In November 2006, it acquired a 21.1% shareholding for a reported €44.9 million, bringing its total ownership to 64.3% and making it the majority shareholder. In July 2009, Tarkett acquired another 34.99% of the company for a reported €117 million. Following that transaction, Tarkett’s ownership exceeded 99%, and the remaining minority interests were subject to a compulsory purchase process under the applicable rules. The Serbian operation became an important manufacturing and export platform within Tarkett’s regional organization. It was identified as one of Serbia’s major exporters from 2004 onward and was reported to be the country’s largest exporter in 2011. A 2016 consolidated financial report submitted to the Serbian Business Registers Agency recorded 3,242 employees and annual profit of approximately €30.97 million. These figures are historical and should not be treated as current operating data. By January 2018, the company’s regional commercial presence included representative offices in Hungary, Russia, Belarus, and Kazakhstan, in addition to its Serbian operations. The wider structure also included related entities in Serbia, Ukraine, Kazakhstan, Russia, Belarus, and Hungary. Tarkett d.o.o. therefore combines local Serbian manufacturing with a broader southeastern and eastern European distribution footprint. Current management, current financial performance, and the company’s present website are not established by the supplied reference material.

Tarkett d.o.o. traces its corporate history to the creation of Tarkett-Sintelon on 26 April 2002. The company was formed approximately one month after an agreement between Tarkett Sommer, described in the source material as a Swedish-French joint venture, and the Serbian company Sintelon. The partnership established a local flooring manufacturing business in Bačka Palanka and linked Sintelon’s Serbian industrial base with Tarkett’s international flooring organization. The company expanded its manufacturing footprint during the middle of the 2000s. In November 2005, it opened a new flooring factory following an investment reported at €15 million. This was followed in 2007 by a further investment of approximately €10 million in a new plant. The latter project was intended to double production capacity from 2008, reflecting the company’s growing role in Tarkett’s regional supply network. Ownership shifted decisively toward Tarkett during this period. In November 2006, Tarkett bought 21.1% of the company for a reported €44.9 million. This increased Tarkett’s overall holding to 64.3%, making it the majority owner. In July 2009, Tarkett acquired another 34.99% for a reported €117 million. After that acquisition, Tarkett held more than 99% of the company, and the remaining shares held by minority investors were subject to compulsory purchase. The company’s activities cover laminate flooring, vinyl flooring, linoleum, and related floor-covering production. Its customers and applications span household interiors as well as professional and sporting facilities. This diversified product scope positioned the Bačka Palanka operation as more than a single-product factory and supported its role as a significant industrial exporter from Serbia. Tarkett d.o.o. was described as one of Serbia’s largest exporters from 2004 onward and as the country’s largest exporter in 2011. A consolidated annual financial report for 2016 submitted to the Serbian Economic Registry Agency reported 3,242 employees and an annual profit of €30.97 million. Those figures provide historical context for the scale of the business but do not establish its current employee count or financial performance. By January 2018, the company had representative offices in Hungary, Russia, Belarus, and Kazakhstan in addition to its Serbian base. The associated regional structure included entities identified in the source material as Sintelon RS, Sintelon, Tarkett SEE, Tarkett UA Ukraine, Tarkett Vinisin Ukraine, Tarkett Kaz Kazakhstan, Tarkett a.o. Russia, Tarkett Rus Zao Russia, Tarkett Sommer Russia, Tarkett Bel Belarus, and Tarkett KFT Hungary. These entities indicate a regional operating and distribution network centered on the Serbian manufacturing business. The supplied references do not identify current executives, current production volumes, current revenue, a current corporate website, or recent strategic developments. Accordingly, the company’s historical ownership, product scope, and regional role can be described with greater confidence than its present-day operating profile.

1. 2018Regional representative-office network documented

   By January 2018, representative offices were documented in Hungary, Russia, Belarus, and Kazakhstan.

   Source
2. 2016Historical employment and profit figures reported

   A consolidated filing reported 3,242 employees and approximately €30.97 million in annual profit.

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3. 2011Reported as Serbia’s largest exporter

   The company was reported to be Serbia’s largest exporter for the 2011 calendar year.

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4. 2009Ownership exceeded 99%

   Tarkett acquired a further 34.99% stake and increased its ownership above 99%, with the remaining minority shares subject to compulsory purchase.

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5. 2007Additional production plant invested in

   A reported €10 million investment supported a new plant designed to double production capacity from 2008.

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6. 2006Tarkett became majority shareholder

   Tarkett acquired a 21.1% stake and raised its total ownership to 64.3%.

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7. 2005New flooring factory opened

   The company opened a new flooring factory in November following a reported €15 million investment.

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8. 2002Tarkett-Sintelon established

   A joint-venture company named Tarkett-Sintelon was founded in Bačka Palanka on 26 April 2002 after an agreement between Tarkett Sommer and Sintelon.

   Source

A large-scale Serbian manufacturing and export platform within the Tarkett group, serving residential, professional, and sports flooring markets.

• Laminate flooringResidential and commercial flooring

  Tarkett d.o.o. manufactures laminate flooring as part of its hard-surface flooring portfolio. The product serves interior applications in homes and other buildings and forms one of the principal product categories associated with the Bačka Palanka operation. The supplied sources do not identify individual collections, specifications, or current product names.

• Vinyl flooringResidential, professional, and commercial flooring

  Vinyl flooring is among the company’s listed manufacturing activities. It supports a broad range of interior applications, including household and professional environments. No source supplied for this dossier provides a detailed breakdown of construction, formats, collections, or current availability.

• Linoleum flooringFloor coverings

  Linoleum is another flooring category produced by Tarkett d.o.o. The product contributes to the company’s multi-category floor-coverings portfolio and is associated with professional as well as general building applications. Specific product ranges and launch dates are not established by the supplied references.

• Sports flooringSpecialized flooring

  The company produces flooring for sporting purposes in addition to household and professional floors. The reference material does not specify whether these products are supplied under distinct collections, nor does it provide technical details or named installations.

• 2009Tarkett consolidated near-total ownershipM&A

  After becoming majority owner in 2006, Tarkett continued consolidating its interest in the Serbian flooring company.

  What changed. In July 2009, Tarkett purchased 34.99% of the shares for a reported €117 million, taking its ownership above 99% and moving to acquire the remaining minority interests.

  Aftermath. The transaction left Tarkett with near-total ownership of the business and reduced the role of minority shareholders.

  Acquisition consideration. 64.3% ownership → More than 99% ownership after a reported €117 million purchase (July 2009)

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• 2007Tarkett invested in capacity expansionStrategy

  Growing flooring production required additional manufacturing capacity at the Bačka Palanka operation.

  What changed. The company invested a reported €10 million in a new plant intended to double production from 2008.

  Aftermath. The investment was expected to expand the Serbian site’s output and strengthen its role in Tarkett’s regional production network.

  Capacity-expansion investment. €10 million reported investment (2007)

  Source
• 2006Tarkett increased its stake to majority controlM&A

  Tarkett had established a joint venture with Sintelon in 2002 and subsequently moved to consolidate ownership of the Serbian flooring operation.

  What changed. In November 2006, Tarkett acquired 21.1% of the shares for a reported €44.9 million, raising its total holding to 64.3%.

  Aftermath. Tarkett became the majority owner of the company and gained control over its Serbian manufacturing platform.

  Acquisition consideration. €44.9 million for a 21.1% stake (November 2006)

  Source

• 2016Tarkett d.o.o. recorded strong 2016 results

  A consolidated report filed with Serbia’s business registry recorded 3,242 employees and approximately €30.97 million in annual profit for 2016.

  Other
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• 2009Tarkett increased ownership above 99%

  In July 2009, Tarkett acquired a further 34.99% stake for a reported €117 million, taking its ownership above 99% and initiating the purchase of remaining minority interests.

  M&A
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• 2007Production expansion plant announced

  Tarkett invested a reported €10 million in a new plant intended to double production capacity from 2008.

  Other
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• 2006Tarkett became majority owner

  Tarkett acquired a 21.1% stake in November 2006, increasing its total ownership to 64.3% and becoming the majority shareholder.

  M&A
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• 2005New flooring factory opened

  The company opened a new flooring factory in November 2005 following a reported €15 million investment.

  Product generationOther
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• 2002Tarkett-Sintelon joint venture established in Bačka Palanka

  Tarkett-Sintelon was established on 26 April 2002 following an agreement between Tarkett Sommer and Serbian company Sintelon.

  M&AOther
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1. Tarkett d.o.o.