ARDEX Group Strengthens Position in Australia
Witten, Germany – Wakol and ARDEX Australia announced today, they have jointly acquired a strategic majority stake in Nexus Adhesives, a leading manufacturer of flooring adhesives in Australia.
Nexus Adhesives was established in Australia in 2006 and is a market leader in the industry. They manufacture and distribute flooring adhesives as well as carpet backing compounds throughout Australia and New Zealand. Dedicated to delivering innovative, dependable products, Nexus Adhesives focuses on servicing the professional contractor.
“This joint venture strengthens our leading position in the Australian market,” said Mark Eslamlooy, CEO ARDEX Group. “With our system competence we provide solutions for our customers.”
“We feel very proud that ARDEX and Wakol have asked Nexus Adhesives to join the group,” Jonathon Clewlow and Brett Nixon said, Owners of Nexus Adhesives. “It’s a vote of confidence in Australian manufacturing and we look forward to exploring growth opportunities for Nexus Adhesives both in Australia and further afield.”
Nexus Adhesives will continue to operate independently from the ARDEX companies. Jonathon Clewlow and Brett Nixon will continue to manage and drive Nexus Adhesives forward.