LATICRETE EXPANDS PRESENCE IN ITALY WITH ACQUISITION OF BENFER SCHOMBERG SRL
LATICRETE International has acquired BENFER SCHOMBURG S.R.L. BENFER is a leading producer of adhesives and sealants for ceramic and natural stone floor and wall coverings, with an impressive track record of growth. The general management of the company will continue under the direction of Giorgio Cocchi, previous owner of BENFER, with the support of Eddy Bonucelli, LATICRETE Regional Director of Europe. With this acquisition, LATICRETE will expand its production and presence in the European market.
LATICRETE and BENFER are complementary in product offerings and market penetration. “This acquisition is an important step forward for us as part of our strategic plan for continued international expansion, through the introduction of new production and business support in Europe,” says Erno de Bruijn, President & COO, LATICRETE International Division. “The BENFER product portfolio highly complements our existing offerings and allows us to expand our market access and manufacturing capabilities.”
The 16,000 square metre BENFER facility is located in the Castelnuovo Rangone region and is equipped with fully automated production.
The facility also has the capacity to produce the additional volume from Laticrete Europe SRL. Since 1965, BENFER has been active in the European and international markets producing and selling adhesives, sealants and rapid-setting self-leveling products; waterproofing for different types of sub-bases; rapid drying screed; systems for installation on wood panelling, corrosion inhibitors, and accessories for repair and protection.
BENFER’s strong position in the European market will open up new business opportunities for LATICRETE Europe SRL and allow for immediate synergies.