AIAC ACQUIRES ONDEX FROM RENOLIT GROUP
For Immediate Release
September 30, 2025 - Chevigny-Saint-Sauveur, France - American Industrial Acquisition Corporation (AIAC) today announced that its affiliate, Ondex Acquisition Company Ltd., has successfully completed the strategic acquisition of RENOLIT Ondex S.A.S., a leading manufacturer of high performance roof and other construction materials made from biaxially oriented polymer sheets, from RENOLIT Group, a private, multinational manufacturing company with annual sales of €1.196 billion and over 5,000 employees across thirty production sites in twenty countries. The transaction includes the administrative, research and development, and manufacturing facility in Chevigny-Saint-Sauveur, near Dijon, France.
Ondex S.A.S., which has been part of the RENOLIT Group since April 2006, specializes in manufacturing and selling translucent roof, panel, piping and gutter materials for the commercial, industrial, sports stadium, greenhouse, dairy farm, logistics and DIY markets. The company serves corporate and governmental customers across Europe through its comprehensive product portfolio and established distribution network.
The acquisition strengthens AIAC's position as a global manufacturer and distributor, while providing Ondex with enhanced resources and capabilities to serve its customers more effectively in the construction materials sector. The company will continue to operate under the established Ondex brand, maintaining its commitment to customer service excellence while benefiting from AIAC's expanded resources and global best practices.
AIAC Chairman L. M. Levie commented "This important acquisition represents a strategic expansion of AIAC's building materials solutions capabilities in the European market. Ondex’ proven expertise in state-of-the-art materials, combined with AIAC's global industrial platform and multi-channel distribution approach, creates an exceptional foundation for growth and enhanced customer service across the construction and architectural products sector. We are particularly excited about Ondex’ new range of revolutionary, technologically advanced roofing products, which achieve substantially higher crop yields for greenhouses and higher milk production for dairy farms. These extraordinary materials’ unique properties of regulated light wave transmission, anti-bacterial, ventilation, and tensile strength make them the construction material of choice for the agricultural sector. This is yet another example where AIAC can do well by doing good.”
Karsten Jänicke, Chief Executive Officer of RENOLIT, commented: "We are confident that AIAC's industrial expertise and commitment to operational excellence will provide Ondex with the platform it needs to achieve its full potential. We wish the management team and employees of Ondex every success as they begin this new chapter with AIAC."
For further information, please see:
https://www.renolit.com/en/company/market-units/roof-water-care/renolit-ondex-products
https://www.renolit.com/en/company/market-units/roof-water-care/renolit-ondex-products
About American Industrial Acquisition Corporation
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with 122 manufacturing and distribution sites in 24 countries in North America, Europe, Africa, Asia, and Australia-New Zealand. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.
AIAC companies serve companies and governmental entities worldwide in all major sectors, including aviation, space, defense, automotive, truck, rail, marine, petrochemical, solar, nuclear, food, confectionary, beverage, civil engineering and infrastructure, commercial construction, mining, dredging, disaster relief, education, medical devices, and pharmaceuticals. In addition, AIAC companies are exclusive, authorized distributors of leading branded industrial and consumer products and serve as critical suppliers for the construction of major airports, schools, hospitals, performing arts and sports centers, offices and hotels throughout Southeast Asia, Australia, and New Zealand. AIAC is a leading manufacturer of building, street, and highway signage in Europe, signage and illumination structures in North America, and a distributor of electrical products throughout France.
Of note, AIAC purchased Boeing Canada in 2005 and has produced over 10,000 unique components for every Boeing jet plane ever since, reliably serving Boeing from manufacturing facilities in North America. A leader in ultra-high precision jet engine component manufacturing, AIAC companies produce 2,200 fan blades for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell.
AIAC companies actively support exploration into outer space, manufacturing critical components for launching and propelling spacecraft and satellites. AIAC customers in this sector include NASA, the European Space Agency, SpaceX, Blue Origin, and Boeing. AIAC companies also lead in the design and manufacture of undersea umbilical cables for worldwide oceanographic research.
AIAC companies produce the critical automotive wire and cable for Tesla, GM, Ford, Chrysler-Fiat, Toyota, and Nissan. In connection with its kraft paper manufacturing interests in Canada and the US, AIAC controls and sustainably manages 22 million acres of Manitoba, Canada forestland, an area equivalent in size to the nation of Hungary. AIAC affiliate, Metallwarenfabrik Gemmingen GmbH, located in Germany, designs, manufactures and distributes high performance, emergency portable power generators utilized in global conflict zones and during natural disasters.
For further information, please see:
About AIAC Philanthropy
AIAC and the AIAC Foundation support a wide range of nonprofit, nonsectarian, bipartisan organizations which promote international conflict resolution, disaster relief, economic development, environmental sustainability, exploration, and the performing arts. The exploration-focused nonprofit organizations which they actively support include the Explorers Club, the National Geographic Society, the Royal Geographical Society, the American Museum of Natural History and the Hayden Planetarium, the Victoria & Albert Museum, the National Air and Space Museum, the National Space Society, and the United States Space Foundation.
AIAC's other beneficiaries include the Appeal of the Nobel Peace Laureates Foundation Inc., the Asia Society, the Atlantic Council, the Bill and Melinda Gates Foundation - Gates Philanthropy Partners, the Bretton Woods Committee, the Carnegie Endowment for International Peace, the Carter Center, the Council on Foreign Relations, the Economic Club of New York, the Foreign Policy Association, the Institut Française des Relations Internationales, the International Committee of the Red Cross, the International Crisis Group, the International Rescue Committee, the Japan Society, the JFK School of Government of Harvard University, the Peterson Institute for International Economics, the Richardson Center for Global Engagement, the Royal Institute of International Affairs (Chatham House), the Sierra Club, the Trilateral Commission, and the Yale Chief Executive Leadership Institute.
For further information, please see:
https://www.aiac.com/our-values
Media Contact:
Isabel Carro-Toro, Vice President
American Industrial Acquisition Corporation
+34 689 295 827 (Spain)
+ 1 787 244 3175 (USA)
icarro-toro@aiac.com