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IKO to acquire Axter’s waterproofing membrane division

October 15th, 2020 / By: / Company News, Geomembranes

IKO, a global leader in the manufacture of residential and commercial roofing products and insulation, has announced that it has struck a deal in which it intends to acquire Axter’s waterproofing membrane division from the SMAC group.

An information and consultation process is currently underway with the relevant stakeholders and will be completed before the deal can be finalized.

“IKO’s purchase of Axter’s waterproofing membrane division will complement its industry-leading position in the European waterproofing and insulation business, and add a leading player in the French market to IKO’s growing international footprint,” stated Hartley Koschitzky, CEO of IKO’s European operations. “We are excited for the opportunity this acquisition presents for IKO both in France as well as our ability to leverage both Axter’s talent and technology across our global organization.”