Ditzingen, Germany -- Adhesives manufacturer Wakol is increasing its share in Loba, a global manufacturer of surface treatments, and now holds a majority stake in the company. Wakol has been majority-owned by Ardex since 2015, and this transaction will make Loba part of the international Ardex Group.
To facilitate the transaction, four long-standing Loba shareholders have put their shares up for sale. The overriding goal of this decision is to safeguard the company’s long-term success. Therefore, the new shareholder structure consists of Wakol and Michael Fischer, who will remain as managing partner.