DEERFIELD BEACH, FLA.—
Mapei has acquired the assets of All- Purpose Adhesive Co. (
APAC) of Dalton. APAC manufactures state-of-the-art, environmentally friendly adhesives for the installation of resilient flooring, carpet, ceramic tiles and vinyl composition tiles.
“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.”
APAC’s manufacturing presence in Dalton will be combined with Mapei’s innovative technology in product development, reinforcing Mapei’s role in the North American setting materials and adhesives industry. 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 Rainer Blair, president and CEO, Mapei Americas.
The teams responsible for the APAC brand will carry on business as usual with APAC’s current customers, and the company is expanding its sales force. The collective product lines of both companies will complement each other, offering customers a wider-based total solution for their floor covering adhesive needs.
“APAC floor covering adhesives and North American tile setting materials will be sold through a dedicated national sales force,” Blair said. Mapei is increasing its sales force in a number of its product categories, most notably Concrete Restoration Systems.
Mapei boasts $2.25 billion in annual revenues, 6,000 employees, 54 subsidiaries and 54 manufacturing plants located in 24 countries around the world. According to Blair, the company’s acquisition objectives for APAC include:
• Propelling Mapei into an undisputed leadership position in floor covering adhesives;
• Improving the positioning in the carpet adhesive segment;
• Closing the geographic gap in the Southeast, and
• Improving access to lower-cost raw materials.
“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 noted. “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.” He added that the addition of the APAC brand shows Mapei’s commitment to growth in the Americas.
For more information about Mapei, call 800.426.2734.
