Sika acquires US concrete fibre company
Published by Lucy Stewardson,
Sika has acquired a global Concrete Fibers business from US-based Propex Holding LLC. The deal includes a US plant that manufactures synthetic fibres to be used in concrete reinforcement, as well as sales operations in Sika’s three geographical regions, and a strong brand (Fibermesh).
The acquired business adds to Sika’s concrete systems for the high value-added solutions that are required in the construction of high-rise buildings and demanding infrastructure projects. The Concrete Fibers business that Sika has acquired generates annual sales of CHF30 million.
Based in Chattanooga, Tennessee, the Concrete Fibers business is a further step in Sika’s expansion in fibres. The move follows its acquisition of Radmix in Australia and FRC Industries in the US, as well as its opening of a fibre production line in Germany. Propex Holding’s Concrete Fibers business will add the well-established Fibermesh brand to Sika’s portfolio, alongside industry-leading technical expertise. This will be combined with Sika’s existing global fibre portfolio and concrete admixture range, further expanding Sika’s offering to concrete customers worldwide.
In addition, the 12 000 m2 production facility, which Sika will acquire as part of the deal, creates significant further capacity for both micro and macro synthetic fibres. It is intended that this will support Sika’s future growth, especially in the Americas.
“The acquisition of the global Concrete Fibers business of Propex and the Fibermesh brand is a great fit with Sika’s current portfolio,” said Christoph Ganz, Regional Manager of the Americas for Sika. “It brings even greater value to existing and new Sika customers within the ready mix and precast concrete market. The Fibermesh brand is the industry standard for quality and performance. As part of Sika, we see enormous growth opportunities for Fibermesh, especially in our solutions for construction in big city environments and for our tunneling and mining business. We are very happy to welcome Fibermesh employees to our Sika team.”
Sika is a speciality chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and automotive industry.
Read the article online at: https://www.worldcement.com/europe-cis/06112018/sika-acquires-us-concrete-fibre-company/
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