MAPEI, Deerfield Beach, FL, a manufacturer of adhesives for the building sector, has acquired All-Purpose Adhesive Company, Dalton, GA. APAC manufactures environmentally friendly adhesives for the installation of floor-covering materials such as resilient flooring, carpet, ceramic tiles and vinyl composition tiles. APAC will be incorporated into the MAPEI Group.
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."
MAPEI reported revenue of €1.7 billion in 2008, and has 6,000 employees, 54 subsidiaries and 54 manufacturing plants located in 24 countries around the world.