Ardex Acquires Majority Stake in Wedi

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German-based construction chemicals specialist Ardex has taken a majority shareholding in Wedi GmbH, a German manufacturer of watertight shower and construction systems in Europe and North America.

"The Ardex Group is taking a major step forward with the acquisition of the market leader for watertight shower and construction systems," said Ardex CEO Mark Eslamlooy. "There could be no better way to enhance our systems competence—Ardex and wedi are two strong brands which complement one another in an ideal manner. As family-run companies, we also share a common understanding of the importance of customer proximity, innovation and quality. All in all it is the perfect basis for a successful cooperation.” 

Wedi will continue to operate independently, with a goal of continuing to develop its position as a market leader in North America and continue its success in Europe. 

"Ardex is a perfect growth accelerator for us—one only has to think of the many global markets and the joint innovation potential," said Stephan Wedi, a managing director of Wedi. "It was of tremendous importance to us that we find a partner with whom we can safeguard our independence and contribute our strengths to ensure joint growth. To this, we will also implement the already planned capacity expansions together with Ardex. The matter is one very close to my heart, and from the very outset my gut feeling about Ardex was extremely positive."

Read the full announcement here.

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