Chagrin Falls, Ohio—Tarkett announced a price increase of approximately 5% in residential and commercial flooring across the Tarkett, Johnsonite and Azrock brands.
“While there has been a slow awakening of the flooring category over the past year, there has also been significant cost developments in the chemical and polymer industries coupled with oil and energy cost increases,” stated Jeff Buttitta, president and CEO, Tarkett North America. “Efficiency improvements have helped to offset some of these costs, yet the increases have been too large to overcome without adjusting prices.”
The increase will take effect later in the first quarter.