The Ardex Group acquired Germany-based Wakol Group and its subsidiaries, including Loba-Wakol LLC in Pineville, N.C.
Wakol’s managing directors, name, location, brand and sales strategy will remain the same, as well as customer points of contact and suppliers, according to a statement published on Wakol’s website.
Family owners of Wakol who are still active in the business will continue to hold “substantial shares” of the company.
“With Ardex as partner we have a very promising prospective for the future and at the same time foster our culture as family owned business,” said Christian Gross, CEO of the Wakol Group, in the statement.
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