Stone & Tile Industry News

DuPont and Laticrete reach agreement on sale of DuPont Surface Care business

June 5, 2014
BETHANY, CT and WILMINGTON, DE -- Laticrete and DuPont have announced that they have reached a definitive agreement for Laticrete to purchase the DuPont Surface Care business. The Surface Care business offers solutions for the protection of stone and tile surfaces against the damaging effects of everyday living under the DuPont StoneTech Professional, DuPont Stone Care and DuPont Paver Armor Pro brands. This complete line of products protects, cleans and transforms stone and tile surfaces, helping to ensure the beauty of natural stone and tile countertops, floors and walls.  The transaction is expected to close later this month, subject to customary closing conditions and regulatory approvals.

"Laticrete knows the stone and tile market well and sells complementary products, and we believe the DuPont Surface Care business can best pursue its potential and most effectively meet market needs through this transaction," said Thierry F. J. Vanlancker, President, DuPont Chemicals & Fluoroproducts. "The DuPont Surface Care business has a strong team that will join Laticrete to continue to support these products."

Laticrete will merge the DuPont StoneTech, DuPont Stone Care and DuPont Paver Armor Pro branded products with its existing portfolio of products, which are already placed in professional and retail channels around the world.

"This business is an excellent fit with our strategic approach," said Ed Metcalf, Laticrete President, North America. "We are excited about working with the team to build on the strong foundation they have put in place and to achieve the full potential of this business in the future.  We will continue to focus on providing customers with high quality products and service to deliver solutions that meet their stone and tile care needs."

KEYWORDS: natural stone stone industry

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