Nordic Waterproofing Takes Over Roofing Operations Of The Lemminkainen Corporation
The Acquisition Includes RoofAquaGuard Products
Tuusula, Finland - It has been announced that Lemminkäinen has concluded the divestment of its roofing operations to Axcel, a Nordic private equity fund. The roofing business transferred to Nordic Waterproofing Oy on February 1, 2011. The business purchase agreement had been signed on December 15, 2010, and then received regulatory approval from the Finnish competition authorities.
The sale included the RoofAquaGuard, Kerabit, and Laatukatto trademarks. The European engineered Synthetic RoofAquaGuard Underlayment UDLX is enjoying increasing market share in North America for use with metal roofing. This is the original type of multilayer, “non-slip” underlayment presented to the U.S. and Canadian markets in 1998.
In conjunction with the acquisition, the new company has made the following appointment: Jaakko Tuominen, Managing Director. Juha Tuominen, Export Manager, will continue to be responsible for the sales in Canada and the United States.
About Nordic Waterproofing USA and Canada
RoofAquaGuard underlayment is manufactured and marketed by Nordic Waterproofing Inc., headquartered in Europe with sales and marketing offices in West Vancouver, BC, Canada, operated by David Nemes, former Trade Commissioner and Consul of Finland accredited to Western Canada and Pacific North West.
The high performance underlayment product line includes the Synthetic, nail-down roofing underlayment RoofAquaGuard UDLX, SBS Modified “peel and stick” High Temp RoofAquaGuard MT, Highly Breathable RoofAquaGuard BREA and DRY-TECH, a three dimensional Polypropylene webbing attached to a breathable underlayment. Also offered are KERABIT SBS Modified light weight Asphalt Shingles. For more information, call 1 (888) 840-3435, or visit www.roofaquaguard.com.