First publishedon www.AggBusiness.com
German-based Sika has acquired the global concrete fibres business from Propex Holding for an undisclosed amount.
The business includes a US plant manufacturing synthetic fibres for use in concrete reinforcement, and sales operations in Sika’s three geographical regions.
Sika supplies a range of admixtures and additives for use in concrete, cement, and mortar production. The company says the concrete fibres business will be a perfect addition to its concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects.
The acquired business is based in Chattanooga, Tennessee and generates annual sales of €26.18million (CHF30m).
Sika says the purchase is a further step in its expansion in fibres, following the acquisitions of Radmix, Australia, and FRC Industries, USA, as well as the opening of a fibre production line in Germany.
It adds that the acquired business brings the established Fibermesh brand and technical expertises, and that the 12,000m2 production facility creates significant additional capacity for both micro and macro synthetic fibers to support Sika’s growth, particularly in the region Americas.
Christoph Ganz, Sika regional manager Americas, commented: “The Fibermesh brand is the industry standard for quality and performance. As part of Sika, we see enormous growth opportunities for Fibermesh, especially in our solutions for construction in big city environments and for our tunnelling & mining business."