LATICRETE Expands Global Presence Through Majority Stake in fuma-Bautec
In a strategic move to bolster its global product offerings, LATICRETE, a well-known manufacturer of construction solutions, has acquired a majority stake in fuma-Bautec, a prominent German manufacturer of tile profiles. This acquisition signals a strengthening of cooperation between the two companies, which has been in place since April 2023, when fuma-Bautec became the exclusive profile supplier for LATICRETE in the United States and Canada.
The collaboration aims to leverage the strengths of both brands to foster innovation in profile and engineered systems production on a global scale. LATICRETE's commitment to exceptional quality aligns well with fuma-Bautec's reputation for high standards in product development. This partnership is positioned to enable the delivery of precision-engineered aluminum and stainless-steel profiles across regions while maintaining a consistent aesthetic that complements LATICRETE’s tile and stone installation systems. With this merger, LATICRETE aims to provide the most comprehensive installation systems available, reinforced by an industry-leading warranty.
Patrick Millot, CEO of LATICRETE, expressed his enthusiasm for the acquisition, stating, 'We are thrilled to welcome fuma-Bautec into the LATICRETE family. Their remarkable brand reputation and innovative products align perfectly with our commitment to premium global solutions. This partnership enables us to be the sole provider of a complete range of high-end tile and stone installation products worldwide.'
With this acquisition, Michael Demeter, CEO of fuma-Bautec, will retain ownership of the remaining shares. He will continue to lead the operations of fuma-Bautec under the LATICRETE Group umbrella while balancing the brand's distinct identity and innovation trajectory. 'We are excited to embark on this new chapter with LATICRETE, a company that shares our core values of delivering premium, innovative solutions in the construction sector,' said Demeter.
The combined capabilities of LATICRETE and fuma-Bautec are projected to spur market leadership across multiple regions, further enhancing the quality and range of their offerings. The partnership highlights the goal of both companies to meet evolving customer needs, thus driving innovation and growth within the industry. With over 6 decades of expertise, LATICRETE has built a reputation around quality, performance, and customer service in the building industry, a legacy that will now be further enriched with this new collaboration.
Founded over two decades ago in Ludinghausen, Germany, fuma-Bautec has been a trusted name in the manufacturing of tile profiles and accessories, offering a range of over 4,800 products. The company is dedicated to sustainability and adapts to modern infrastructure needs, making it a reliable partner in cost-effective and innovative tiling solutions for various applications.
As LATICRETE integrates fuma-Bautec into its operations, the focus will remain on continuing the delivery of high-quality products to residential, commercial, and industrial projects globally. With a strong emphasis on research and development, LATICRETE is poised to enhance its product offerings, thereby contributing significantly to the future of construction solutions worldwide.
For further insights and updates, you can visit LATICRETE's official website.
The collaboration aims to leverage the strengths of both brands to foster innovation in profile and engineered systems production on a global scale. LATICRETE's commitment to exceptional quality aligns well with fuma-Bautec's reputation for high standards in product development. This partnership is positioned to enable the delivery of precision-engineered aluminum and stainless-steel profiles across regions while maintaining a consistent aesthetic that complements LATICRETE’s tile and stone installation systems. With this merger, LATICRETE aims to provide the most comprehensive installation systems available, reinforced by an industry-leading warranty.
Patrick Millot, CEO of LATICRETE, expressed his enthusiasm for the acquisition, stating, 'We are thrilled to welcome fuma-Bautec into the LATICRETE family. Their remarkable brand reputation and innovative products align perfectly with our commitment to premium global solutions. This partnership enables us to be the sole provider of a complete range of high-end tile and stone installation products worldwide.'
With this acquisition, Michael Demeter, CEO of fuma-Bautec, will retain ownership of the remaining shares. He will continue to lead the operations of fuma-Bautec under the LATICRETE Group umbrella while balancing the brand's distinct identity and innovation trajectory. 'We are excited to embark on this new chapter with LATICRETE, a company that shares our core values of delivering premium, innovative solutions in the construction sector,' said Demeter.
The combined capabilities of LATICRETE and fuma-Bautec are projected to spur market leadership across multiple regions, further enhancing the quality and range of their offerings. The partnership highlights the goal of both companies to meet evolving customer needs, thus driving innovation and growth within the industry. With over 6 decades of expertise, LATICRETE has built a reputation around quality, performance, and customer service in the building industry, a legacy that will now be further enriched with this new collaboration.
Founded over two decades ago in Ludinghausen, Germany, fuma-Bautec has been a trusted name in the manufacturing of tile profiles and accessories, offering a range of over 4,800 products. The company is dedicated to sustainability and adapts to modern infrastructure needs, making it a reliable partner in cost-effective and innovative tiling solutions for various applications.
As LATICRETE integrates fuma-Bautec into its operations, the focus will remain on continuing the delivery of high-quality products to residential, commercial, and industrial projects globally. With a strong emphasis on research and development, LATICRETE is poised to enhance its product offerings, thereby contributing significantly to the future of construction solutions worldwide.
For further insights and updates, you can visit LATICRETE's official website.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.