Sources: 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.
FRC Industries will accelerate growth and further establish Sika North America as a “comprehensive and premier supplier of trusted solutions for all aspects of construction,” management notes. The acquisition provides an opportunity to solidify the company’s place in the concrete market as a fiber manufacturer, they add, and augment a deep portfolio that includes high performance polycarboxylate water reducers, waterproofing admixtures, and integral coloring agents.
FRC Industries is Sika’s second concrete additives deal this year, following the March acquisition of L.M. Scofield Co., the premier pigment and flatwork products brand. Sika officials underscore “a clear commitment to bringing value to concrete producers” and execution of a strategy to provide a full line of construction products from “roof to basement.” The strategy has seen the company realize double-digit growth in the past few years, owing to acquisitions plus heritage business expansion, including new admixture and mortar plants.