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MAPEI Acquires Assets of All-Purpose Adhesive Company (4/6/09)

April 6, 2009
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MAPEI, a world leader in the production of adhesives for the building sector, has acquired the assets of All-Purpose Adhesive Company (APAC) of Dalton, GA. APAC manufactures state-of-the-art, environmentally friendly adhesives for the installation of floor-covering materials such as resilient flooring, carpet, ceramic tiles and vinyl composition tiles (VCT). MAPEI - with €1.7 billion in annual revenues, 6,000 employees, 54 subsidiaries and 54 manufacturing plants located in 24 countries around the world - will be incorporating the APAC brand as a valued addition to the MAPEI Group.

“This acquisition is in line with our long-term strategy,” said Giorgio Squinzi, CEO of MAPEI Group. “We pursue organic growth in all markets, while considering interesting acquisitions whenever possible. Through the acquisition of the APAC assets, we gain a reliable industry brand that exhibits innovative technology, consistent product quality and strong performance.”

APAC’s manufacturing excellence and key geographic presence in Dalton, GA, will be combined with MAPEI’s innovative technology in product development, reinforcing MAPEI’s leadership role in the setting materials and adhesives industry in North America. The Dalton location, with its proximity to raw materials, is also a key factor in maintaining operating efficiencies in MAPEI’s manufacturing process for floor covering installation systems.

“Over the coming months, we will integrate the APAC brand with our other lines to strengthen MAPEI’s position in the floor-covering installation systems market segment,” said MAPEI Americas President and CEO Rainer Blair.

For more information, visit www.mapei.com.

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