# Ardex Group acquires majority stake in Loba via Wakol

Wakol, part of the Ardex Group, acquired a majority stake in surface finishes manufacturer Loba. The transaction is expected to be completed by end of November 2018.

- Type: Acquisition
- Announced: 2018-11-07
- Where: Ditzingen, Germany
- Status: announced
- Products: surface finishes for wood and cork
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ardex GmbH](https://endata.com/companies/26784.md) (acquirer)
- [Wakol](https://endata.com/companies/35361.md) (acquirer)
- [Loba](https://endata.com/companies/35362.md) (target)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/loba-becomes-part-of-the-international-ardex-group/), 2018-11-07: "Since Wakol has been a majority shareholder of the Ardex Group since 2015, Loba will become part of the Ardex Group's international network."

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