World-leading resin flooring manufacturer, Flowcrete announces the acquisition of Norwegian company Elmico. Based in Oslo, Norway, Elmico is a high-tech manufacturer of polyurea waterproofing systems as well as epoxy and polyurethane polymer flooring systems.
Elmico will now become part of Flowcrete Nordic, a division that consists of Flowcrete businesses across Norway, Sweden and Denmark. Flowcrete is a member of The Euclid Group that encompasses multiple construction chemical brands of subsidiaries of RPM International Inc.
Elmico’s General Manager, Elisabet Michelson views the acquisition as a significant opportunity for Elmico as the company would now be able to introduce their leading polymer products to more people and places than ever before. Being part of the Flowcrete brand also boosts Elmico’s growth potential and opportunities for collaboration.
The Euclid Group’s President and Chairman of Elmico, Mark Greaves added that the acquisition will strengthen Flowcrete's business in Norway and Elmico's unique polyurea technology will be launched globally via The Euclid Group's worldwide platform of construction chemical businesses.
Founded in 2003, Elmico has grown into a multi-million US dollar company and currently operates out of a 2,000m² facility in Galterud, a town close to the Oslo Gardermoen Airport as well as Sweden.
Elmico specialises in innovative thermosetting plastic products for a variety of challenging applications, including roofing, industrial flooring, parking garages, ship decks, bridges, quays, dams, tank installations and pipes. The Micorea range of high performance, spray-applied polyurea waterproofing systems is one of their most popular products. Elmico has worked on a long list of important projects including the Ypsilon Bridge, VEAS wastewater treatment plant and the Nordhue antennae building.
Being part of The Euclid Group means that Elmico will now have access to new markets all over the world thanks to the Group’s global network of offices, sales teams and facilities.
Welcoming Elisabet Michelson and her team to the Flowcrete family, Flowcrete President Craig Brookes said Elmico’s expertise and their fantastic new technology are second to none and there are some very exciting plans in the pipeline.