Sika has bought FRC Industries a fiber manufacturer based in Tuscaloosa, Alabama.
The company makes synthetic polypropylene and steel fibers for concrete. “This acquisition will accelerate growth in the USA and further establish Sika as a comprehensive supplier of solutions for the construction industry,” Sika says in a statement.
The market growth for concrete fibers in the United States is out-pacing overall construction growth as the trend is moving towards structural fibers for reinforcement.
“The concrete fibers of FRC Industries and the concrete color additives of LM Scofield, a company acquired earlier this year, perfectly fit into Sika`s full range of concrete admixtures and allow Sika USA to offer a comprehensive portfolio of concrete additives. The expanded product offering will enable Sika to reach new customers and better penetrate key projects,” Sika says.
Christoph Ganz, regional manager North America saus: “The acquisition of FRC Industries is a welcome addition to our business and will support the continued growth in line with our Strategy 2018. We are proud to welcome FRC`s employees into the Sika team and we are excited about growing our businesses together.”