ARDEX Australia majority stake acquisition of
Singaporean QUICSEAL Construction Chemicals
Witten, Germany and Sydney, Australia, 29 March 2012. Building chemicals specialist ARDEX Australia, a leading supplier of high-quality specialty building chemicals, continues to further expand its Asia Pacific reach and current Southeast Asia operations with the majority stake acquisition of QUICSEAL Construction Chemicals, one of the region’s leading suppliers in the waterproofing, concrete repair and tile and stone installation. Whilst active for many years in Singapore through its own company, the acquisition will bolster ARDEX’s strategic position and accelerate the company’s growth in the Southeast Asian and wider Asian region.
QUICSEAL enjoys an excellent reputation in Asia as a specialist supplier of high-quality products and has operations in Singapore and Malaysia. “QUICSEAL gives us access to products which are tailored to the region’s market requirements and have continuously proven their worth,” emphasises Ian Forster, ARDEX Asia Pacific Managing Director, “QUICSEAL also has local development and production capacity which is of immense value to us.”
Jimmy Lim, founder and owner of QUICSEAL, underlines the company’s regional strengths and reach as a key feature for the acquisition; “QUICSEAL system solutions are trusted by customers not only in Singapore and Malaysia but also throughout the rest of Asia – with key markets including Indonesia, China, Hong Kong, Taiwan, the Philippines, South Korea, Myanmar, Vietnam, Thailand, Brunei and Sri Lanka.”
ARDEX Australia’s investment in QUICSEAL will make a significant contribution towards expanding the ARDEX Group’s operations in Asia’s growing markets. With its majority stake acquisition in QUICSEAL, ARDEX now owns two businesses in Singapore. ARDEX Singapore has already been a key player in the region for several years. Working together, the two companies will serve the market in parallel, each with its own brand and service profile, yet synergies will be generated in production, sales and purchasing.
Ian Forster, ARDEX’s Asia Pacific Managing Director, is positive about the future of ARDEX in the region stating; “Our high-performance premium offerings win the day, especially when markets are particularly discerning and critical. This is increasingly true of markets with pent-up demand in the construction and infrastructure segments.”
In the event of any queries, please contact:Mr Fabian MorganSales & Marketing DirectorArdex Australia Pty LtdPh: +61 418 297 061Fax: +61 2 9674 5621Email: email@example.com
ARDEX GmbH and ARDEX Australia
For more than half a century, Witten-based ARDEX GmbH has been a leading supplier of high-quality specialty building chemicals. Today, it is a global market leader in this field. Forty operating companies serve markets in over 50 countries, making the company a worldwide success. ARDEX currently employs 1,900 people with operations in Austria, the Benelux countries, Bulgaria, China, Croatia, the Czech Republic, Denmark, Dubai, Finland, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Korea, Malaysia, Mexico, New Zealand, Norway, Poland, Romania, Russia, Singapore, Spain, Sweden, Switzerland, Taiwan, Turkey, the UK, the USA and Vietnam. ARDEX Australia has over 160 employees with production and sales companies around the country. Globalising the ARDEX brand, particularly in the world’s rapidly emerging regions, is integral to securing the company’s future.