SIKA ACQUIRES FLOORING ADHESIVES BUSINESS IN THE USA Freitag, 26. März 2021 - 07:04
- Media Releases
- 2021
- Sika Acquires Flooring Adhesives Business in the USA
Sika has acquired the flooring adhesives business of DriTac, a US-based floor covering adhesives company with an especially strong position in wood floor bonding. The acquisition will contribute to Sika’s increased 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 is a well-recognized brand in the US floor covering industry, with a strong reputation especially in the wood floor bonding segment. DriTac brings long-established customer and distributor relationships across the country that are highly 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 moisturemitigation materials, surface preparation and self-leveling underlayment mortars, as well as tile setting materials. 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.
