Wondertex set for growth after MBO from Cemex

Published:  06 July, 2010

LITTLEHAMPTON: Drywall finishes and decorative texturing systems specialist Wondertex has passed into private ownership following a management buyout.

The business, based in Littlehampton, Sussex, has been acquired from Cemex by a group of private investors for an undisclosed sum.

The buyout comes 30 years after the company was first established and day-to-day business will continue to be managed by Gary Pierce, whose family was among the original founders of the company.

Wondertex has reverted to a private business following periods of ownership by multinationals Cemex and RMC.

Comments general manager Gary Pierce: “We believe there is considerable potential to develop the business in its own right, particularly with the continuing trend towards drylining as an internal walling solution. We are launching a major investment in re-branding to strengthen our visibility in the UK market.”

The company is currently undergoing a major re-branding programme and will market its drywall finishes under the Ultralight brand and its decorative finishing systems under the Wondertex name.

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