# Ardex acquires majority stake in Knopp Unternehmensgruppe

Ardex GmbH, a specialty construction chemicals company, acquired a majority stake in Knopp Unternehmensgruppe, a leading provider of screed and concrete additives based in Dettelbach, Germany. The transaction is expected to close at the end of September 2017.

- Type: Acquisition
- Announced: 2017-09-07
- Where: Dettelbach, Bavaria, Germany
- Status: announced
- Products: screed and concrete additives, specialty construction materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ardex GmbH](https://endata.com/companies/26784.md) (acquirer)
- [Knopp Unternehmensgruppe](https://endata.com/companies/26785.md) (target)

## Sources

- [ardex.de](https://www.ardex.de/ardex/newspresse/news-details/knopp-unternehmensgruppe-ardex-uebernimmt-mehrheit), 2017-09-07: "Der Wittener Bauchemiespezialist beteiligt sich mehrheitlich an der Knopp Unternehmensgruppe, einem führenden Anbieter von Estrich- und Betonzusatzmitteln mit Sitz in Dettelbach (Bayern)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.