WHAT’S NEW?
KERAKOLL ACQUIRES PAC TECHNOLOGIES IN DUBAI TO ACCELERATE GROWTH IN MEA & GCC REGION
B Corp certified Benefit Company Kerakoll has announced the completion of an agreement leading to the acquisition of 100% of the share capital of PAC Technologies LLC (PAC), based in Dubai, United Arab Emirates.
Founded in 2007, by Mr Michel Edmond Nachef, PAC is specialised in the development, production and sale of cement grinding aids, concrete admixtures and construction chemicals, as well as powder-base and liquid-base construction materials. PAC currently manages one production plant located in Dubai Industrial City, which supplies the UAE and other countries in the region. PAC products and systems are used in many high-end projects and have a long list of professionals’ approvals and job references.
Saed Mattar, Regional Director MEA & GCC at Kerakoll Group, said: “This acquisition represents another bold step forward for Kerakoll in the region. The purpose of the transaction is to integrate PAC’s people, production plant and know-how in order to manufacture Kerakoll brand products locally and accelerate Kerakoll Group development plan in the area.”
The Kerakoll production localisation will allow the combined local organisation to expand business
opportunities for its current and future customers and will enhance the level of service to the market. Kerakoll and PAC intend to leverage the company’s know-how and expertise; as a matter of fact, developing the potential of the current employees’ base will be a key strategic pillar of the transaction.
“The acquisition of PAC marks a progress in Kerakoll’s internationalisation trajectory,” said Fabio Sghedoni, Vice President of Kerakoll Group. “Middle East is a region that offers important opportunities with a robust demand of high-end solutions: with this new footprint we are now well equipped to satisfy the market needs. I am delighted to welcome Michel and everyone at PAC to Kerakoll Group. I firmly believe that together we can become a leading player in the Region.”
Marco Zini, Group CEO of Kerakoll, commented: “With this strategic acquisition, our Group continues to invest in our international footprint. After a first phase whereby we operated with a commercial branch, Kerakoll Gulf, we are now ready to scale-up our presence in the Region to bring to the market our sustainable innovation in products, new technologies and our excellence in service. The acquisition of PAC represents the perfect step toward achieving our goals in the Region.”
www.kerakoll.com
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