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Baar -- Sika, Switzerland, integrates Covercrete Flooring
Systems, active in the area of industrial flooring, in its North
American business.
Covercrete based in Ontario, Canada, develops, produces
and distributes polyurethane based flooring systems.
With Covercrete the Sika companies in Canada and the
USA will strengthen their market positions in the industrial
flooring segment. In addition, Sika can take advantage of
an existing network of applicators and customers.
The integration of Covercrete.s polyurethane based flooring
technologies and products expands Sika.s capabilities to
service a wider variety of customers, especially in the food
processing industry, in North America and on a global
basis.
Covercrete achieves sales of about CHF 6.6 mil. annually.
The cost of the acquisition totaled approximately CHF 5.3 mil.
Company profile
Sika AG, based in Baar, Switzerland, is a leading global
supplier of specialty chemicals. Sika offers process materials for sealing,
bonding, damping, reinforcing and protecting of load-bearing structures
in construction (buildings and infrastructure) and in industry (transportation,
automotive, marine and appliances & building components). Sika's product
line includes concrete admixtures, specialty mortars, sealants, adhesives,
specialty acoustic and reinforcing materials, structural strengthening
systems, industrial flooring and membranes. Locally based operations in
68 countries with over 10'000 employees connect customers directly with
Sika and guarantee for the success of all our partners. With this concept
Sika achieves annual sales of approximately CHF 2.9 billion.
Source: Sika AG
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