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Sika Acquires Sealant Maker Everbuild

Monday, July 1, 2013

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Global structural materials conglomerate Sika AG has acquired Everbuild Building Products Ltd., a UK-based manufacturer of sealants, adhesives and construction chemicals.

Switzerland-based Sika made the acquisition through its north London-based subsidiary, Sika UK, according to the company’s June 17 announcement. Terms of the deal were not disclosed.

Sika Acquires Everbuild
Photos: Everbuild

Sika says its acquistion of UK-based Everbuild Building Products would further strengthen its position in the construction chemical market and the professional distribution and D-I-Y channels.

Founded in 1994, Everbuild, based in Leeds, England, operates a manufacturing facility to produce a full range of construction chemical products, along with laboratories and a logistic hub, according to Sika.

The company has annual sales revenue of CHF 90 million ($95 million USD) and a workforce of 270 employees. Everbuild serves customers in more than 70 countries, according to its website.

Under the deal, Everbuild will operate as a subsidiary of Sika UK and will be led by the existing management team.

Deal Promotes Further Innovation

Sika said the acquisition would further strengthen its position in the construction chemical market and in the professional distribution and do-it-yourself channels.

Sika Acquires Everbuild

Everbuild's manufacturing facility produces sealants, adhesives and construction chemical products.

In a statement, Everbuild founder David Seymour said that through the acquisition, the company has the “possibility to further grow our business and to benefit from the broad R&D capabilities for further product innovation.”

Jan Jenisch, CEO of Sika, added: “The acquisition will give us a strong position in the UK distribution market and offers considerable potential to further leverage Everbuild’s sales channels with Sika’s product range.”

Sika said Everbuild is a “highly reputed brand in the UK building market and the leader in professional distribution channels.”

   

Tagged categories: Acquisitions; Adhesive; Building materials; Coating chemistry; Construction chemicals; Sealant; Sika

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