Deerfield Beach, Florida – MAPEI, which produces adhesives for the building sector, has acquired in April the assets of All-Purpose Adhesive Company of Dalton, Georgia. APAC manufactures state-of-the-art, environmentally friendly adhesives for the installation of floor-covering materials such as resilient flooring, carpet, ceramic tiles and vinyl composition tiles. MAPEI – with 1.7 billion euros in annual revenues, 6,000 employees, 54 subsidiaries and 54 manufacturing plants located in 24 countries around the world – will be incorporating the APAC brand as a valued addition to the MAPEI Group.
“This acquisition is in line with our long-term strategy,” commented 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.”
APAC’s manufacturing excellence and key geographic presence in Dalton, Georgia, will be combined with MAPEI’s innovative technology in product development, reinforcing MAPEI’s leadership role in the setting materials and adhesives industry in North America. 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. “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 MAPEI Americas President and CEO Rainer Blair.
The teams 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. The collective product lines of MAPEI and APAC will complement each other, offering customers a wider-based total solution for their floor-covering adhesive needs.
“MAPEI’s 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.”