MAPEI acquires APAC's assets
“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.”
“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.