Ardex has acquired a majority interest in Wakol, a Germany-based business in the adhesive and packaging industries.
According to Ardex, Wakol strengthens its system expertise, its global footprint and therefore ensures a sustainable growth.
“This cooperation with Wakol is a perfect way for us to increase our systems expertise in the flooring industry massively,” said Mark Eslamlooy, CEO of Ardex. “I cannot imagine having a better partner because like Ardex Wakol stands for highest technical expertise, quality and innovation. This shared philosophy is the base for our future success.”
With the acquisition, Wakol will continue to operate as independent entity, and its current location in Pirmasens, Germany, will be expanded to become Ardex’ development center for flooring adhesives in Europe.