Ardex Acquires Majority Stake in Wedi
From left: Mark Eslamlooy, CEO, Ardex Group; Stephan Wedi, managing director, Wedi; and Fabian Rechlin, managing director, Wedi. Photo: Ardex.
Ardex announced it will acquire a majority shareholding in Wedi GmbH, a leading manufacturer of system solutions for high-quality wet room solutions based in Emsdetten, Germany.
In a statement, the company said that Wedi will continue to operate independently, and Stephan Wedi and Fabian Rechlin will remain in place as the managing directors. Stephen Wedi will also continue in his shareholder role.
For Mark Eslamlooy, CEO of the Ardex Group, this cooperation is a milestone in the development of the company.
“The Ardex Group is taking a major step forward with the acquisition of the market leader for watertight shower and construction systems," he said. "There could be no better way to enhance our systems competence – Ardex and wedi are two strong brands which complement one another in an ideal manner. As family-run companies, we also share a common understanding of the importance of customer proximity, innovation and quality. All in all it is the perfect basis for a successful cooperation.”
The managing directors of Wedi, Stephan Wedi and Fabian Rechlin, also regard the cooperation as tremendously beneficial for the two companies. Above all, the international Ardex network and the complementary strengths in the product areas were an important factor for Wedi in reaching its decision, the company said.
“Ardex is a perfect growth accelerator for us – one only has to think of the many global markets and the joint innovation potential," said Stephen Wedi. "It was of tremendous importance to us that we find a partner with whom we can safeguard our independence and contribute our strengths to ensure joint growth. To this, we will also implement the already planned capacity expansions together with Ardex. The matter is one very close to my heart, and from the very outset my gut feeling about Ardex was extremely positive."
The company said it has already had success in Europe, particularly Germany and France, and North America where it has had a factory in Batavia, Illinois, since 2017.
For more information, visit ardexamericas.com.
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