Mapei Acquires All-Purpose Adhesives Co.

Deerfield Beach, FL, April 6, 2009--Mapei has acquired the assets of All-Purpose Adhesive Company of Dalton, Ga.

APAC manufactures adhesives for the installation of resilient, carpet, ceramic tiles and vinyl composition tiles.

MAPEI  has $2.3 billion in annual revenues, 6,000 employees, 54 subsidiaries and 54 manufacturing plants in 24 countries.

“This acquisition is in line with our long-term strategy,” said Giorgio Squinzi, CEO of Mapei Group. “Through the acquisition of the APAC assets, we gain a reliable industry brand that exhibits innovative technology, consistent product quality and strong performance.”

The Dalton location, with its proximity to raw materials, is also a key factor in maintaining operating efficiencies in Mapei's floorcovering manufacturing process.

“Over the coming months, we will integrate the APAC brand with our other lines to strengthen Mapei’s position in the floorcovering installation systems market segment,” said Mapei Americas President and CEO Rainer Blair.

The teams responsible for the APAC brand will carry on business as usual with APAC’s current customers, and the company is currently expanding the APAC sales force.