Tony Sturrus is named President, Clarion Industries and Jose Kofman is named President, Clarion Boards. New capital infusion provides expansion and growth opportunities for industrial panels business.

A private equity group, led by the Fairbanks family, announced today it has completed, with ATC Panels, the purchase of Tarkett’s equity share in their joint venture. Tarkett will continue to have Clarion Industries as a preferred and strategic partner for the supply of laminate flooring products in North America.

The new joint venture includes all the assets of Clarion Boards, Inc., manufacturer of high quality Medium Density Fiberboard (MDF) and High Density Fiberboard (HDF) and Clarion Laminates, LLC, manufacturer of premium laminate flooring products. The infusion of new capital into Clarion Industries has strengthened the ability of the organization to support its current operations and to pursue new business opportunities. The manufacturing facilities of Clarion Industries are located in Shippenville, Pa.