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IKO to acquire Axter鈥檚 waterproofing membrane division

October 15th, 2020 / By: / Company 亿博体育app, Geomembranes

IKO, a global leader in the manufacture of residential and commercial roofing products and insulation, has announced that it has struck a deal in which it intends to acquire Axter鈥檚 waterproofing membrane division from the SMAC group.

An information and consultation process is currently underway with the relevant stakeholders and will be completed before the deal can be finalized.

鈥淚KO鈥檚 purchase of Axter鈥檚 waterproofing membrane division will complement its industry-leading position in the European waterproofing and insulation business, and add a leading player in the French market to IKO鈥檚 growing international footprint,鈥 stated Hartley Koschitzky, CEO of IKO鈥檚 European operations. 鈥淲e are excited for the opportunity this acquisition presents for IKO both in France as well as our ability to leverage both Axter鈥檚 talent and technology across our global organization.鈥