SIKA ACQUIRES US CONCRETE FIBER PRODUCER
(Thomson Reuters ONE) -
Sika AG /
SIKA ACQUIRES US CONCRETE FIBER PRODUCER
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The issuer is solely responsible for the content of this announcement.
Sika has acquired FRC Industries a fiber manufacturer based in Tuscaloosa,
Alabama. The company offers a full line of high quality synthetic polypropylene
and steel fibers for concrete. This acquisition will accelerate growth in the
USA and further establish Sika as a comprehensive supplier of solutions for the
construction industry.
The market growth for concrete fibers in the United States is out-pacing overall
construction growth as the trend is moving towards structural fibers for
reinforcement.
The concrete fibers of FRC Industries and the concrete color additives of L.M.
Scofield, a company acquired earlier this year, perfectly fit into Sika's full
range of concrete admixtures and allow Sika USA to offer a comprehensive
portfolio of concrete additives. The expanded product offering will enable Sika
to reach new customers and better penetrate key projects.
Christoph Ganz, Regional Manager North America: "The acquisition of FRC
Industries is a welcome addition to our business and will support the continued
growth in line with our Strategy 2018. We are proud to welcome FRC's employees
into the Sika team and we are excited about growing our businesses together."
CONTACT
Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
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 protection in the building sector and automotive industry. Sika
has subsidiaries in 97 countries around the world and manufactures in over 170
factories. Its more than 17,000 employees generated annual sales of CHF 5.49
billion in 2015.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/2038877/759914.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 492130
Anzahl Zeichen: 2710
contact information:
Town:
Baar
Kategorie:
Business News
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"SIKA ACQUIRES US CONCRETE FIBER PRODUCER"
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