MAPEI buys out BETONTECHNIK
- Written by Staff
Mapei, the world leader in construction products, continues to grow thanks to its acquisition of the Austrian Betontechnik, leader in the field of concrete additives.
“This acquisition” says Giorgio Squinzi, Sole Director and CEO of the Mapei S.p.A. Group “is aimed not just at an increase in Mapei’s activities, but also at the chance to provide extra stimulus for the expansion of Betontechnik on the international market.
Despite the delicacy of the current economic situation, Mapei continues to invest with courage and vision, focusing on companies that make excellence their strong point.”
Thanks to this operation, the Mapei Group now has 56 production sites around the world.
Set up in 2001, Betontechnik has expanded rapidly, reaching total turnover of over 20 million Euros in 2008 and becoming a leader in the field of concrete admixtures in Austria. Following the acquisition, the Betontechnik headquarters in Langenwang (Austria) will become the Mapei Group’s centre of excellence for concrete and concrete additives. Turnover is expected to be boosted thanks to intensified expansion into new geographical areas. In other words, Betontechnik’s goal is to become a global operator in its sector, thanks to the internatonal presence of the Mapei Group.