Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram
Search the site

 

D+D News

Main News Page


Sika Acquires Liquid-Membrane Maker

Thursday, February 5, 2009

Comment | More

Sika AG has acquired Iotech Group Ltd., a manufacturer of polyurethane liquid membranes for roofing and waterproofing, and parent company of U.S.-based Liquid Plastics Inc.

 

Terms of the acquisition were not disclosed.

 

Iotech, formerly a privately held company, said its revenue for 2008 totaled $55 million. The company’s membranes are used mainly in the restoration market for small- to medium-sized roofs. Iotech also manufactures hygienic wall coatings used in clean-room applications.

 

Sika said the acquisition substantially expands its technology and market capabilities in polyurethane liquid membranes for roofing.

 

In the U.S. Iotech’s Liquid Plastics Inc. business holds a significant market position in liquid membranes for roofing and waterproofing applications, which Sika said fits well with its construction business activities in roofing and in materials for joint sealing and concrete repair and protection. Liquid Plastics operates a production facility in Middletown, CT. Sika said it will integrate Liquid Plastics into its Construction Products Division.

 

Sika AG, based in Baar, Switzerland, is a manufacturer of sealing, bonding, damping, reinforcing, and protective materials for the construction market.

   

Tagged categories: Coatings manufacturers; Roof coatings; Sika; Waterproofing

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Graco Inc.
 
Eco-Friendly Surface Prep
 
• Blast with 92% less dust
• Use less media
• Less containment & disposal costs
Graco® EcoQuip® Vapor Abrasive® Blast Equipment Learn more
 

 
KTA-Tator, Inc. - Corporate Office
 
KTA Consulting Services
 
Independent assessment of coating failures – in the field and laboratory.
Contact: Kevin Brown, 336-386-4000
 

 
HP Spartacote, a Division of LATICRETE International
 
Fully Integrated Polyaspartic Coating Systems
 
HP Spartacote manufactures a full line of patented high performance resinous flooring systems which offer rapid return to service, outstanding durability and chemical resistance.
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2017, Technology Publishing Co., All rights reserved