Tarkett has announced a price increase across the Johnsonite commercial product portfolio.
The system of solutions includes VCT, vinyl sheet and tile, linoleum, rubber sheet and tile, LVT, stairwell management, and accessories. The price increase will be approximate 3%-5% and will vary depending on product category.
"Inflationary pressures in raw materials and energy combined with rising healthcare costs are beginning to outpace our productivity initiatives," stated Jeff Fenwick, president and COO of Tarkett North America. "We have successfully negated supply chain cost increases over the last 24 months due to our disciplined approach to continuous improvement. Even though we are adjusting our pricing at this time, our focus and commitment to productivity improvements is part of our organizational culture and a key part of our overall value proposition."
The increases will take effect March 15, 2014.
