ARDEX acquires Score Tech Mortars
Witten, March 16th, 2023. The ARDEX Group announced that it has further strengthened its market position in Hongkong by acquiring Score Tech Mortars, a leading manufacturer of construction chemicals for the Hongkong and Macau markets.
Score Tech Mortars was established in 1999 and is a leading supplier of dry mix mortar products for the public housing, government buildings and infrastructure sectors. The company’s product portfolio includes plasters and renders, tile adhesives and non-shrink grouts. Furthermore, innovative products like early strength pre-batched concrete and grouts, lightweight mortars and sustainable products like biochar mortars or skim coats.
With its new production plant situated in the Guangdong province in China, Score Tech Mortars is ideally positioned to capitalize on the future growth of the Great Bay Area.
“This acquisition underscores our growth ambitions in the Asian region. We’re delighted to make a significant step forward and would like to welcome Score Tech Mortars and its employees to the ARDEX family. Given its strong brand and only minimal overlaps of the product portfolio and sales channels, the company perfectly complements ARDEX’ existing activities in Hongkong,” says Mark Eslamlooy, CEO of the ARDEX Group.
Jaime Yeung, Managing Director or Score Tech Mortars, adds: “Our team is looking forward to becoming a member of the ARDEX family. The mutual sharing of experience and knowledge will help us continue our global vision in technological development. The support from ARDEX with its wide product range and advanced technology will also enable Score Tech Mortars to provide all-round product supplies and service to our customers. We strongly believe the acquisition will be a starting point for Score Tech Mortars to pursue further success with enhanced competitive power.”
“This acquisition underscores our growth ambitions in the Asian region. We’re delighted to make a significant step forward and would like to welcome Score Tech Mortars and its employees to the ARDEX family. Given its strong brand and only minimal overlaps of the product portfolio and sales channels, the company perfectly complements ARDEX’ existing activities in Hongkong,” says Mark Eslamlooy, CEO of the ARDEX Group.Score Tech Mortars will continue to operate independently under the current management of the company.
About ARDEX: For more than 70 years, ARDEX has been the quality leader for an entire industry, offering excellent building chemicals with supreme processing reliability – the brand of choice for installers and wholesalers. ARDEX remains an independent, family-owned business focused on our most important tradition: uncompromising quality. Today over 4,000 employees in more than 50 countries work towards our vision of being the leading solution and service provider of innovative building systems. With its more than ten brands, the ARDEX Group generates net sales of more than 930 million euros worldwide.