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
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.
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