M&A Deal Summary

IKO Industries Acquires Axter

On March 4, 2021, IKO Industries acquired building materials company Axter from SMAC

Acquisition Highlights
  • This is IKO Industries’ 2nd transaction in the Building Materials sector.
  • This is IKO Industries’ 1st transaction in France.

M&A Deal Summary
Date 2021-03-04
Target Axter
Sector Building Materials
Buyer(s) IKO Industries
Sellers(s) SMAC
Deal Type Divestiture

Target

Axter

Issy-les-Moulineaux, France
website
Axter designs, manufactures, and markets waterproofing solutions for flat roofs flat or inclined as well as for Public Works and Civil Engineering works. Axter was formed in 1990 and is based in Issy-les-Moulineaux, France.

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Buyer(S) 1

Buyer

IKO Industries

Calgary, Alberta, Canada

website

Category Company
Founded 1951
Sector Building Materials
DESCRIPTION

IKO Industries Ltd. is a provider of roofing, waterproofing and insulation services for residential and commercial markets. IKO operates more than 30 manufacturing plants throughout North America and Europe.

DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 2 of 3
Type (Divestiture) 2 of 2
Country (France) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Roof Tile Group

New Zealand

Roof Tile Group is a manufacturer of metal roofing tiles for global sales and distribution under a number of brand names, including Decra and Gerard.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Ross Roof Group

Auckland, New Zealand

Ross Roof Group is a manufacturer and exporter of stone-coated metal roof tiles that has operated as a family-owned enterprise for nearly 80 years. Ross Roof Group was formed in 1942 and is based in Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

SMAC

Issy-les-Moulineaux, France

website

Category Company
Founded 1884
Sector Building Materials
DESCRIPTION

SMAC is a provider of waterproofing and building envelope solutions. SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC was founded in 1884 and is based in Issy-les-Moulineaux, France.

DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 2 of 2
Type (Divestiture) 2 of 3
Country (France) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Siege Social SMAC - Skylights Business

Issy-les-Moulineaux, France

Siege Social SMAC's Skylights Business is focused on the production of daylighting, ventilation, smoke evacuation, and roofing access systems, and Essemes Services, a division of Skydome, specializing in the installation of skylights and the maintenance of fire safety equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Siège Social SMAC - Resins Business

Issy-les-Moulineaux, France

The Resins business unit includes resin manufacturer, Resipoly and Services, and installation specialist, Eurosyntec.

Sell -
Mergr

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