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Markets :: Specialty Chemicals :: Paints and Coatings

Estonia's Wolf Group acquires stake in Brazil sealants producer

4:13 PM MDT | May 1, 2013 | Francinia Protti-Alvarez

Wolf Group (Tallin) has acquired a 40% stake in Elasteq do Brasil (São Paolo), the group announced.  Elasteq specializes in the manufacture and sale of waterproofing products, and has a production facility near São Paolo. Transaction details were not disclosed. "The acquisition of shares is an important strategic step that will further strengthen the group's position in the South American market, and significantly diversify the portfolio of products offered through waterproofing product development and sales," says Jaan Puusaag, CEO...

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