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M&A Deal Summary

IKO Industries Acquires Roof Tile Group

On November 1, 2018, IKO Industries acquired building materials company Roof Tile Group from Fletcher Building

Acquisition Highlights
  • This is IKO Industries’ 1st transaction in the Building Materials sector.
  • This is IKO Industries’ 1st transaction in New Zealand.

M&A Deal Summary
Date 2018-11-01
Target Roof Tile Group
Sector Building Materials
Buyer(s) IKO Industries
Sellers(s) Fletcher Building
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

IKO Industries

Calgary, Alberta, Canada
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 1 of 3
Sector: Building Materials M&A 1 of 3
Type: Divestiture M&A Deals 1 of 2
Country: New Zealand M&A 1 of 2
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Axter

Issy-les-Moulineaux, France

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.

Buy -

Seller(S) 1

SELLER

Fletcher Building

Auckland, New Zealand
Category Company
Founded 1909
Sector Building Materials
Employees12,500
Revenue 7.0B NZD (2025)
DESCRIPTION

Fletcher Building is a provider of building products, construction materials, and services worldwide. Fletcher Building was founded in 1909 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 4 of 5
Sector: Building Materials M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
Country: New Zealand M&A 3 of 3
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Hudson Building Supplies Pty

Rouse Hill, Australia

HBS is an established well-known brand in the timber and hardware industry. The company has 15 trade-focused stores in NSW and southeast Queensland and is the third largest building supplies business on the east coast of Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Formica

Cincinnati, Ohio, United States

Formica Corp. is a producer of high-pressure decorative laminates. Formica was founded in 1913 and is based in Cincinnati, Ohio.

Sell $840M
Mergr

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