Laticrete, a manufacturer of construction solutions for the building industry, has acquired a majority stake in fuma-Bautec, a German profile manufacturer. Since April 2023, fuma-Bautec was the exclusive profile supplier of Laticrete for the United States and Canada markets.
The partnership with fuma-Bautec gives Laticrete the capability to deliver aluminum and stainless-steel profiles in every region. Consistent colour and finishing are said to “embolden” the Laticrete product roster while also dovetailing with the brand’s colour matching to grouts and sealants.
“We are excited to welcome fuma-Bautec to the Laticrete family,” said Patrick Millot, CEO of Laticrete. “Their exceptional brand reputation and product innovation align perfectly with our mission to deliver premium solutions globally. With this partnership, Laticrete is now the only player that can offer a full portfolio of premium solutions worldwide for tile and stone installation systems. We are eager to partner with existing and new customers in every region to accelerate growth with them in every channel.” With Laticrete acquiring a majority stake in fuma-Bautec, the remaining shares will be retained by the fuma-Bautec CEO Michael Demeter.
As part of the Laticrete Group, fuma-Bautec will continue to operate and expand under Demeter’s leadership while maintaining its strong brand identity and commitment to innovation. Globally, Laticrete and fuma-Bautec will leverage their combined strengths to accelerate development and drive market leadership in every region.
“My team and I are very pleased to write the next chapter of our company with Laticrete,” said Demeter. “We share the same values, both companies being a global family business and offering premium and innovative solutions in tile and stone installation systems. The synergies between our companies are tremendous, and as a shareholder and CEO of our new joint venture, I am confident fuma-Bautec with Laticrete will be recognised as a worldwide player in profiles and engineered systems.
www.laticrete.com
