TAGS: Architectural Coatings
Sika has acquired United Gilsonite Laboratories (UGL) in the United States, a manufacturer of coatings for consumer and DIY waterproofing applications.
Acquisition to Boost Market Presence
Their product portfolio is sold through the distribution channel and can be found in major retailers in the USA. The acquired business is a perfect complement to Sika’s high value‐added systems for concrete and masonry waterproofing and refurbishment.
For Sika, the acquisition will increase its presence with major retailers and other building material stores by widening the offering and opening up cross‐selling opportunities.
In the large USA residential housing segment, demand for watertight basements is anticipated to grow at above‐average rates in the years to come, as homeowners refurbish and create more valuable living space with basement finishing.
In commercial construction, the need for watertight basements to maximize building utility and protect valuable assets and investments continues to grow. With the combined offerings of the two companies, Sika can take advantage of the growth trends in both the residential and commercial construction segments.
Christoph Ganz, regional manager Americas,“
UGL is a perfect complement to Sika’s current portfolio. The UGL brands are well recognized in the USA, and their consumer and DIY waterproofing solutions allow Sika to extend its business in the USA construction industry. We warmly welcome all the UGL employees to our Sika team.”
Source: Sika