Icopal has signed an agreement to acquire Sealoflex, a US based liquid applied waterproofing company. Sealoflex offers a complete range of own produced liquid applied waterproofing solutions. The acquisition will support Icopal’s strategy to be a multi material waterproofing group with focus on bitumen, synthetics and liquid applied products and services.
The Sealoflex product range was established in 1977 by the current owner and president of the company, Robert F. Kauffmann. Sealoflex employs 30 people and achieved sales of around 7 MUSD in 2012. Production facilities and central functions are based in Charleston, South Carolina in the US. Sealoflex has its own sales organisations in the US and UK (more information under www.sealoflex.com).
The acquisition is expected to be completed during January 2014.
The Icopal Group
The Icopal Group is the European leader for high end roofing products and waterproofing solutions. Icopal is present throughout Europe and North America with a network of local sales teams and production units. At present Icopal operates 35 production sites and 95 sales offices.
The Icopal Group is headquartered in Denmark and has achieved sales of over 1 billion Euros in 2013. The group employs some 3,500 employees worldwide. For more information see www.icopal.com.
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