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Ardex Acquires Majority Interest in Wakol
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Ardex has acquired a majority interest in Wakol, a Germany-based business in the adhesive and packaging industries.
鈥淭his cooperation with Wakol is a perfect way for us to increase our systems expertise in the flooring industry massively,鈥� said Mark Eslamlooy, CEO of Ardex. 鈥淚 cannot imagine having a better partner because like Ardex, Wakol stands for highest technical expertise, quality and innovation. This shared philosophy is the base for our future success.鈥�
With the acquisition, Wakol will continue to operate as an independent entity, and its current location in Pirmasens, Germany, will be expanded to become Ardex鈥� development center for flooring adhesives in Europe.
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