Sources: 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.
“The acquisition brings greater value to existing and new customers within the ready‐mix and precast concrete market,” says Sika Regional Manager Americas Christopher Ganz. “The Fibermesh brand is the industry standard for quality and performance. As part of Sika, we see enormous growth opportunities for Fibermesh, especially in our solutions for construction in big city environments and our Tunneling & Mining business.”
FRC Industries deal bring Sika greater depth in concrete fibers