IKO Group, Chicago, announced the acquisition of A.W. Andernach Gmbh, Bonn, Germany.
“An agreement to purchase the assets of AWA was signed on Wednesday, May 28, 2003,” says Martin Vaughan, vice president of finance of IKO. “The agreement has now been accepted and finalized. We were interested in acquiring AWA because it’s a perfect match for our business. AWA was established in 1888 and has been a constant innovator and pioneer in the European roofing industry, just as IKO has been in North America since 1951.”