Sources: Sika AG, Baar, Switzerland; CP staff
The Swiss parent of New Jersey-based admixture and construction products supplier Sika Corp. projects a second or third quarter closing on Parex, a key player in facade, technical and waterproofing mortars, plus tile adhesives. Sika AG will acquire the business, which reported 2018 sales of $1.1 billion, from a fund of CVC, a global private equity and investment advisory firm.
Read MoreSources: Sika Corp., Lyndhurst, N.J.; CP staff
A year after joining Sika Corp. as vice president of Sales – Carribean, Thomas Strittmatter has been promoted to Target Market Concrete vice president. A BASF Construction Chemicals veteran with 25-plus years in the construction industry, he will be responsible for defining and implementing the Sika U.S. admixture business strategic direction, aligning sales, marketing, research & development, operations and logistics to meet customer and shareholder expectations.
Read MoreSources: Sika AG, Baar, Switzerland, Sika Corp., Lyndhurst, N.J.; CP staff
Sika has acquired the global Concrete Fibers business of Chattanooga, Tenn.-based Propex Holding LLC, ushering its well-established Fibermesh brand and technical expertise into a growing concrete additives portfolio. The deal includes a 130,000-sq.-ft. production facility offering the Sika Region Americas business additional micro and macro synthetic fiber capacity.
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Jamie Gentoso has been named LafargeHolcim, US Cement chief executive officer, replacing John Stull, who recently shifted in the same capacity to the Holcim Philippines business. She arrives at the Chicago-based operator with a solid industry grasp, having started her career as Holcim (US) technical service engineer, then serving as Architectural and Engineering market manager with a focus on ASTM C150 and specialty cements, plus fly ash. Gentoso proceeded to Sika Corp., rising to vice president of Concrete ahead of her most recent position, vice president of Sales & Marketing, with New Jersey-based architectural building products manufacturer Construction Specialties.
Read MoreSources: LafargeHolcim Ltd., Zurich; CP staff
Jamie Gentoso has been named LafargeHolcim, US Cement chief executive officer, replacing John Stull, who recently shifted in the same capacity to the Holcim Philippines business. She arrives at the Chicago-based operator with a solid industry grasp, having started her career as Holcim (US) technical service engineer, then serving as Architectural and Engineering market manager with a focus on ASTM C150 and specialty cements, plus fly ash. Gentoso proceeded to Sika Corp., rising to vice president of Concrete ahead of her most recent position, vice president of Sales & Marketing, with New Jersey-based architectural building products manufacturer Construction Specialties.
Read MoreSources: Sika Corp., Lyndhurst, N.J.; CP staff
Sika has wrapped up the 2017 by dedicating an admixture and mortar production facility near Houston. Geared to Texas and Southwest markets, the plant is the company’s 22nd in the U.S. and equipped for production of polymers central to high performance admixtures.
Read MoreSources: LafargeHolcim Ltd., Zurich; CP staff
A 20-year Sika AG veteran and chief executive officer since 2012, Jan Jenisch will transition in that same capacity to Swiss peer, LafargeHolcim Ltd., in mid-October. LafargeHolcim Chairman Beat Hess characterizes him as “a CEO widely respected for consistently delivering strong business results [who] comes with a deep understanding of the building materials sector. His agile leadership style and personal skills will be a good fit with our company culture and management team.”
Read MoreSources: Sika Corp., Lyndhurst, N.J.; CP staff
Sika has acquired Tuscaloosa, Ala.-based FRC Industries, citing it as the fastest growing concrete reinforcing fiber producer in the U.S. Founded in 2001, the company has a full synthetic polypropylene product line and serves markets east of the Mississippi River.
Read MoreSources: Sika AG, Switzerland; Ash Improvement Technology Inc. (AIT), New York City
A strategic alliance between Sika and fly ash beneficiation specialist AIT will support development of binder products reducing carbon dioxide emissions tied to portland cement milling.
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