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Sika Acquires L.M. Scofield, Strengthens its Business in North America

Published on 2016-04-04. Author : SpecialChem

LYNDHURST, NJ - Sika announces the acquisition of concrete color additive and decorative concrete products producer L.M. Scofield Company of Los Angeles, California. Scofield is a 100 year old family owned company and is one of the most trusted and recognized brand of concrete color additives and decorative products. Scofield and their complete line of products, from integral concrete color to topically applied stains, are widely specified and highly regarded within the decorative concrete community for exceptional quality and customer service. This acquisition will accelerate Sika’s US growth and further establish Sika as a comprehensive supplier of trusted solutions for all aspects of construction.

Fig. 1: Sika Acquires L.M. Scofield, Strengthens Business in North America

L.M. Scofield Company provides a unique opportunity that aligns with Sika’s North American strategy for market penetration by building our customer base and expanding sales to existing customers with greater value added product offerings. This acquisition positions Sika as the concrete additive supplier that can produce and supply a complete line of high quality products including, but not limited to, high performance polycarboxylate water reducers, waterproofing admixtures, and now color additives.

Beyond its cultural alignment and its shared 100+ year history in the construction market, there are synergies within many other aspects of Sika’s business including Refurbishment, Sealing and Bonding, and Flooring that will only strengthen Sika’s position and competitive advantage in the construction market following the acquisition of Scofield.

This acquisition represents a step in Sika’s strategy to provide a full line of complete construction products from “roof to floor”. In particular, this new line of products further strengthens our position as the world’s leading producer of concrete construction products. With double digit growth in the United States in 2015 without acquisitions, and well above general market growth, target market concrete is one of Sika's strongest growing areas. Scofield is a welcome addition and a key component to continued growth and Strategy 2018.

Christoph Ganz, President and CEO of Sika North America: “The acquisition of L.M. Scofield Company provides a unique opportunity for growth and makes a strong and positive statement to the market and our customers. Now the work begins to leverage these unique synergies so that we may fully realize the vast benefits. We are proud to welcome Scofield’s employees into the Sika team and we are excited about growing our businesses together.”

Phillip Arnold, President and CEO of L.M. Scofield Company: “For over 100 years we have strived to change the way the world looks at and uses concrete to make the places we live, work and play better and more beautiful. Through Sika, the dreams of Scofield are in the best possible hands to take the decorative concrete industry to greater heights with a wider audience to the benefit of all those involved.”

About L.M. Scofield


In 1915 Lynn Mason Scofield, an engineer and inventor in Chicago, introduced the first successful products for coloring, staining and protecting concrete. His proprietary system made concrete not only more beautiful but more durable as well. The L. M. Scofield Company was thus born.

About Sika


Sika Corporation, based in Lyndhurst, NJ, is one of the leading suppliers of specialty chemical products and industrial materials serving construction and industrial markets including transportation, marine, and automotive. Its technologies are focused on sealing, bonding, damping, reinforcing and protecting.

Source: L.M. Scofield
 

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