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Sika acquires American Hydrotech in the USA and its affiliate Hydrotech Membrane Corporation in Canada

July 23/2021

MOSCOW (MRC) -- Sika, a producer of construction chemicals, has acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada, as per the company's press release.

Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions. In the fastgrowing green/garden roof segment, Hydrotech is the clear North American market leader.

The acquisition strengthens Sikas roofing and waterproofing portfolio, and complements Sikas sustainability focus. In 2020, the acquired company generated sales of CHF 83 million.

With this acquisition, Sika will become the number one supplier of green roofs in North America. Furthermore, Sika gains a new growth platform with the expanded offering of complete roofing and waterproofing systems. The two companies have a similar corporate culture with highly motivated people and a strong focus on sustainable, reliable, long-lasting, solutions and customer relationships, and therefore fit together perfectly.

As MRC informed earlier, in November 2020, Sika commissioned a manufacturing facility in Dubai, United Arab Emirates (UAE), which produces epoxy resins aimed at flooring solutions. Sika has decided to invest in the expansion of its manufacturing facilities at the Dubai site in order to increase flexibility in production, shorten delivery times, optimize cost structures, and reduce inventories.

And in April 2021, Sika expanded its production capacity for concrete admixtures and has started manufacturing epoxy resins in Qatar. Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika wants to exploit market potential and drive forward the focused expansion of its business in the region.

Sika is a specialty 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 motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.


mrcplast.com
Author:Margaret Volkova
Tags:flooring, petrochemistry, adhesives, construction, membranes, Sika, sustainable development, Canada, Qatar, United Arab Emirates (UAE), USA.
Category:General News
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