LATICRETE Gains Drytek™ Flooring Solutions (March 13)

BETHANY, Conn. — LATICRETE International Inc. acquired Portsmouth, N.H.-based Drytek™ Flooring Solutions LLC, a supplier of self-leveling cements, decorative concrete toppings and related products/systems, in a deal announced today. Terms of the transaction weren’t announced.

Drytek’s products will be maintained under its namesake brand and distributed/sold within the LATICRETE Specialty Products Division (SPD).

Since 2003, the Drytek product line has been specified and installed in a wide variety of new building and renovation projects in the United States, including the Empire State Building, Columbia University and the Weill Medical Center in New York City.

“As a natural fit for LATICRETE, Drytek will allow us to leverage our national footprint and state-of-the-art manufacturing capabilities into an important and growing segment of the building materials industry” said LATICRETE President Ed Metcalf. “We’ve been looking at this segment for some time and felt the time was right.”

John Striednig, director of LATICRETE’s Specialty Products Division, added that “this premium brand offers a broad set of solutions that add clearly understood value and has a reputation for excellence among contractors and architects.”

For information on Drytek™ Flooring Solutions products from LATICRETE, call 877-DRYTEK.1.

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