11/06/2018
Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika’s three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika’s concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.
The acquisition of the Concrete Fibers business, based in Chattanooga, Tennessee, is a further step in Sika’s expansion in fibers, following the acquisitions of Radmix, Australia, and FRC Industries, USA, as well as the opening of a fiber production line in Germany. The acquired business brings the well-established Fibermesh brand and industry-leading technical expertise. Combined with Sika’s existing global fiber portfolio and concrete admixture product range, this will further expand Sika’s offering to concrete customers worldwide. Furthermore, the 12,000 m2 production facility creates significant additional capacity for both micro and macro synthetic fibers to support Sika’s growth going forward, particularly in the region Americas.
"With the foundation of the new production site near Yekaterinburg, we are investing in a region that has dynamic growth and a booming construction industry. We have now created the ideal framework for tapping into this potential and further accelerating our growth in Russia." Christoph Ganz, Regional Manager Americas