Laticrete Acquires L&M Construction Chemicals
Laticrete announced earlier in January the asset acquisition of L&M Construction Chemicals Inc (L&M). The acquisition will provide the manufacturer customers access to new products and technologies while expanding the company’s presence in the restoration and decorative concrete category. Headquartered in Omaha, Neb., L&M produces a diverse line of concrete construction chemicals, including coatings, sealers, construction grouts, patch and repair mortars and color hardeners for polished concrete.
L&M manufactures and sells concrete construction chemicals. With 50 years of experience, L&M has built a strong reputation for quality, reliability and exceptional service within the concrete industry, developing longstanding 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, the L&M brand and product portfolio will leverage the resources and opportunities Laticrete offers including: nationwide manufacturing facilities, an expanded team of sales representatives, global research and development capabilities, world-class marketing and technical services, access to global markets, an enhanced architectural presence, and access to a nationwide distribution system.
L&M’s product lines will continue to carry the L&M name under the Laticrete corporate brand identity, and the company’s manufacturing and sales functions will remain in Omaha. The acquisition is expected to take three months. Integration of manufacturing, sales and service functions will occur throughout 2014.