TAGS: Polyurethane Adhesives Waterborne Adhesives
Sika acquires flooring adhesives business from DriTac, a US-based floor covering adhesives company with specialty in wood floor bonding. The acquisition will contribute to Sika’s presence among floor covering installers and distributors, while accelerating Sika’s expansion in the Interior Finishing market in the USA. In 2020, the acquired business generated sales of CHF 20 million.
DriTac brings established customer and distributor relationships across the country that are complementary to Sika’s existing network, enhancing overall market access and market penetration.
The acquired business strengthens Sika’s growth platform for interior finishing in the USA with large potential for cross-selling of Sika’s other complementary products that include moisture-mitigation materials, surface preparation and self-leveling underlayment mortars, as well as tile setting materials.
Expansion in Interior Finishing
The DriTac product range, which includes polyurethane, modified silicone and water-based technologies, will further enhance Sika’s system solutions for floor covering applications and give customers access to a large, full-range portfolio.
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With this acquisition, Sika establishes a position in floor covering adhesives, especially for wood floors, in the USA. Expansion in interior finishing is a key growth initiative for Sika and we are well positioned to bring all our technologies, including the newly acquired range, to our customers in this large and attractive market. We welcome the new employees to the Sika family and look forward to further developing the business together," said Christoph Ganz, regional manager Americas.
Source: Sika