Sources: Sika AG, Baar, Switzerland; CP staff
The parent company of Sika Corp. has acquired United Gilsonite Laboratories (UGL), calling it a long-standing business with a strong presence in the distribution channel for consumer and do-it-yourself products, and a “perfect complement to Sika’s high value-added systems for concrete and masonry waterproofing and refurbishment.”
Along with a Scranton, Pa. headquarters operation, UGL has Illinois and Mississippi production sites, and is well situated to supply customers in every region of the country. The acquisition will increase the Sika Corp. presence with major retailers and other building material outlets by widening its concrete and masonry offering and opening cross-selling opportunities. On the residential market side, Sika officials note, demand for watertight basements is anticipated to grow at above average rates in the years to come, as homeowners create more valuable living area by finishing below grade space. In commercial construction, the need for watertight foundations to protect valuable assets continues to grow.
“The UGL brands are well recognized, and their consumer and DIY waterproofing solutions allow Sika to extend its business in the U.S. construction industry,” notes Sika Regional Manager, Americas Christoph Ganz.