MAPEI said it has acquired the assets of All-Purpose Adhesive Co., based in Dalton, Ga. The teams responsible for the APAC brand will carry on business with APAC’s current customers, and MAPEI is currently expanding the APAC sales force, MAPEI said. Additionally, the MAPEI and APAC product lines will be produced with an eye toward complementing each another. Other terms of the deal were not disclosed.
“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 performance.”
“Our commitment to growth in the Americas is evidenced by such affirmative steps as the addition of the APAC brand to our existing lines," he added. "We take great pride in welcoming the APAC associates and stakeholders to the MAPEI family."
MAPEI noted that APAc's Dalton location, with its proximity to raw materials, is 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 Rainer Blair, MAPEI Americas' president and CEO.
MAPEI acquires APAC, 'a reliable industry brand'
April 6, 2009