Sika has acquired L.M. Schofield, a US-based market leader in the production of concrete colour additives for ready-mixed concrete, along with decorative products and treatments for concrete refurbishment. Scofield offers a comprehensive range of colour solutions in order to serve customers in the fast-growing decorative concrete market of North America, and generated sales of CHF17 million in 2015.
L.M. Schofield is a 100 year old, family-owned company, based in Los Angeles, that has long been established as a trusted brand of concrete colour additives and decorative products in North America.
This acquisition fits with Sika’s accelerated growth strategy in North America. In the past two years the production footprint for mortars and admixtures has expanded with the addition of four new plants – in Denver, Atlanta, Philadelphia and Vancouver – the number of factories in North America now totalling 18. In addition, the acquisition of the mortar company BMI, made in 2015, completed the supply chain in the dynamic Californian market.Christoph Ganz, Regional Manager North America: “The acquisition of L.M. Scofield further accelerates our growth strategy for North America. It provides us with a proven, industry leader, and a number one brand position in colours for new concrete and refurbishment. We proudly welcome L.M. Scofield’s employees to the Sika team and are excited about growing our business together.”
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/the-americas/01042016/sika-acquires-lm-schofield-806/