LATICRETE completed the acquisition of a majority stake in fuma-Bautec.

LATICRETE, a manufacturer of globally proven construction solutions for the building industry, completed the acquisition of a majority stake in fuma-Bautec, a German profile manufacturer. Financial terms were not disclosed. "We are excited to welcome fuma-Bautec to the LATICRETE family. Their exceptional brand reputation and product innovation align perfectly with our mission to deliver premium solutions globally. With this partnership, LATICRETE is now the only player that can offer a full portfolio of premium solutions worldwide for tile and stone installation systems. We are eager to partner with existing and new customers in every region to accelerate growth with them in every channel," Patrick Millot, LATICRETE CEO.