Parties
Company
MAPEI Canada (MAPEI Inc.)
Company
Diaplas
MAPEI Canada, a subsidiary of the global leader in construction materials MAPEI Inc., successfully acquired Diaplas, a Quebec-based manufacturer of profiles and trims for floors and walls, enhancing its product portfolio. Diaplas, established in 1989 in Laval, Quebec, has been a prominent player in the tile accessories market, operating one manufacturing site and administrative office. This strategic acquisition aims to provide comprehensive solutions in the construction and industrial sectors, reflecting MAPEI's commitment to growth, innovation, and customer satisfaction.
Marco Roma, MAPEI Canada's General Manager, emphasized the mutual benefits of the merger, highlighting Diaplas's integration into MAPEI's extensive network, which will offer Diaplas's customers a wider range of products and access to advanced research and development. Luigi Di Geso, President & CEO of MAPEI North America, mentioned the acquisition as a step towards expanding their North American presence in the profiles and trims product category, aligning with the group's vision after the acquisition of Profilpas in 2022. CEOs Veronica and Marco Squinzi expressed that this move aligns with MAPEI Group's strategy to expand its product offerings and enhance service to professionals and partners.
The transaction, which underscores MAPEI's dedication to integrating complementary businesses to foster growth and development across North America, promises a collaborative integration process focused on leveraging both companies' strengths. This approach aims to ensure operational efficiency while maintaining high-quality standards and sustainability commitments.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
02 February 2024