Ardex, the Witten-based construction chemicals specialist, has acquired a majority shareholding in wedi GmbH, a leading manufacturer of system solutions for high-quality wet room solutions based in Emsdetten, Germany. This is the largest acquisition in the Ardex’s history.
The management of both family-run companies have made it clear that wedi will continue to operate independently. In addition, Stephan Wedi and Fabian Rechlin will remain in place as Managing Directors of wedi. Stephan Wedi will also continue in his shareholder role.
“The Ardex Group is taking a major step forward with the acquisition of the market leader for watertight shower and construction systems,” says Mark Eslamlooy, Ardex Group’s CEO. “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 co-operation.”
“Ardex is a perfect growth accelerator for us – one only has to think of the many global markets and the joint innovation potential. 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,” says Stephan Wedi.
“wedi and Ardex complement one another excellently, not just in Germany, but also in other core markets such as the USA, Australia and New Zealand, France, England, Austria, Switzerland, or Benelux. The innovative strength of the Ardex Group is enormous, and as a result, we expect to make considerable advances,” adds Fabian Rechlin.