Bethany, CT – LATICRETE International, Inc. has acquired L&M Construction Chemicals, Inc. (L&M). The acquisition will provide LATICRETE customers access to new products and technologies while expanding the company’s presence in the restoration and decorative concrete category. Headquartered in Omaha, NE, L&M produces a diverse line of concrete construction chemicals. The acquisition is expected to be completed in January. Integration of manufacturing, sales and service functions will occur throughout 2014.
“This combination strengthens LATICRETE and the L&M brands alike,” said David A. Rothberg chairman and CEO of LATICRETE. “Through this acquisition, L&M’s brand portfolio will gain access to LATICRETE’s manufacturing capabilities, sales representation and marketing and support services. LATICRETE’s customers, in turn, will enjoy access to some of the most innovative decorative and restoration products on the market.”
LATICRETE is a family-owned, world-wide manufacturer and marketer of residential, commercial and industrial construction solutions. For almost 60 years, LATICRETE has provided the technology, products and experience to make innovative, permanent installations primarily in the flooring industry. Over the past two years the company has expanded its restoration and decorative product line through strategic acquisitions and partnerships. Today’s announcement comes on top of the 2011 acquisition of Drytek Flooring Solutions, LLC and formation of the LATICRETE SUPERCAP joint venture.
Also family owned, L&M manufactures and sells concrete construction chemicals including coatings, sealers, construction grouts, patch and repair mortars as well as color hardeners for polished concrete. L&M has built a strong reputation for quality, reliability and exceptional service within the concrete industry – developing long standing relationships with contractors, distributors and architects.
“My family and I thank our customers, distributors and partners for their many years of support,” said Greg Schwietz, owner of L&M. “This is a very exciting time for the L&M brand. I am confident we have found the right company in LATICRETE to provide the best future support and growth opportunities.”
Under the new ownership of LATICRETE, the L&M brand and product portfolio will leverage the many resources and opportunities LATICRETE offers including: nationwide manufacturing facilities; an expanded team of sales representatives; LATICRETE’s global research and development capabilities; world-class marketing and technical services; access to global markets; an enhanced architectural presence; and, access to LATICRETE’s nationwide distribution system.
L&M’s product lines will continue to carry the L&M name, and the company’s manufacturing and sales functions will remain in Omaha, NE.