MAPEI has acquired the assets of All-Purpose Adhesive Company (APAC) of Dalton, Ga., a manufacturer of adhesives for the installation of floor covering materials such as resilient flooring, carpet, ceramic tiles and vinyl composition tiles (VCT). MAPEI will be incorporating the APAC brand as an addition to the MAPEI group.
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 wherever possible. Through the acquisition of the APAC
assets, we gain a reliable industry brand that exhibits innovative technology,
consistent product quality and strong performance.”
manufacturing resources and geographic presence in Dalton, Ga.,
will be combined with MAPEI’s technology in product development, the company
said. 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.
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 Ranier Blair.
responsible for the APAC brand will carry on business as usual with APAC’s
current customers, and the company is currently expanding the APAC sales force
to gain additional sales, according to the company.
leading role around the world in the manufacture of chemical products for the
building industry allows us to take a particularly long-range view of market
developments,” Squinzi said. “This has enabled MAPEI to act positively in these
trying economic times, confirming our status as a solid and constantly growing
company based on continuous innovation. The secret behind MAPEI’s constant
growth lies, as always, in very concrete values, such as constant commitment to
achieve excellence in our work and an ability to plan for the future with a
great sense of responsibility towards our business partners. Our commitment to
growth in the Americas
is evidenced by such affirmative steps as the addition of the APAC brand to our
existing lines. We take great pride in welcoming the APAC associates and
stakeholders to the MAPEI family.”
MAPEI acquires assets of All-Purpose Adhesive Company
April 6, 2009